5 replies to this topic

[Rogerdodger]

Sentimentrader.com is so neutral it's at ZERO.
Funny, the $NYMO is also near ZERO at 0.12
But the 50MA has turned up which is positive.
However, I would not be surprised to see the 50ma turn back down briefly as it did after the May correction.
For your consideration:
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=1&mn=6&dy=0&i=p86482112029&a=30820282&r=2449.png

Edited by Rogerdodger, 30 March 2007 - 10:18 PM.

[johngeorge]

Roger

Speaking of 0 lines. I have seen you pound the table over the years when the NASI turns down when it's below the 0 line as being very bearish. However the NYSI has just turned down from +650 so I went short the Dow 30 via DXD cause I figure it has further to fall.

[Chilidawgz]

hmmm, I am 100% cash as I think they can go either way Monday/Tuesday. If they take em up the first day or so, then I would be looking for a decline. My methods have no clear probability for me at this time

[Chilidawgz]

[johngeorge]

Great charts, Chili. Thank you. I'm sitting here this evening listening to the thunder boomers outside and planning some activities inside for tomorrow, those activities usually end up as work in the kind of weather we've had recently. (cool with rain) So regards the market I got a buy signal on the DXD last Thursday and bought late in the afternoon. Still hanging onto the thing even over the weekend....not like me, but, cant help but feel that April/May will not be kind to the markets and am looking for a solid "correction" 10% perhaps. Will know in the fulness of time. Trust all is well with you and that you had a successful sale of your home and have moved into the "new" one with a minimum of hassle. My best to you always.

[Rogerdodger]

Here's another at ZERO:
http://stockcharts.com/c-sc/sc?s=$NAMO&p=D&yr=1&mn=0&dy=0&i=p62728857858&a=21967116&r=3003.png