17 replies to this topic

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



Few points...

#1 GS started it's move on 2/22, 5 days ahead of the crash.
#2 On significantly Higher Volume was unable to break the $210 swing high.
#3 Price increases are met with no enthusiasm (light volume)

I think this baby is setting up for another big dive, but I'll let the chart dictate it. We could get a 4-5 day warning again...

[skott]

I know! I know! ask the FRac man

[SemiBizz]

Maybe Frac Man has looked at GS... Like to get his take on it.

[Russ]

Lets look at it from the other perspective. On March 13 GS went down to test the lows but on much bigger volume, price was much higher though. Positive divergence. Again on April 1 it tested the previous low but on much lighter volume. Employment report and this morning's futures rally has given a vote of confidence for at least early next week. Of course there is a gap on the dow from mid march and the vix that will need to be tested.

[Cirrus]

Point 3 is a good one. Also, ALWAYS watch the OEX P/C for spikes and the moving average. There has NOT been a single IT correction or tradeable spike down without this indicator flashing an alert. IMHO it's the most important indicator for today. Hopefully it doesn't stop working anytime soon. There's really only been one false signal in the past 5 or so years.

[Russ]

What is it saying now in your view?

Point 3 is a good one. Also, ALWAYS watch the OEX P/C for spikes and the moving average. There has NOT been a single IT correction or tradeable spike down without this indicator flashing an alert. IMHO it's the most important indicator for today. Hopefully it doesn't stop working anytime soon. There's really only been one false signal in the past 5 or so years.

[skott]

and are you referring to put/call Open interest ratio or volume ratio?

[Russ]

CCI test? Also not similar look to macd to last summer lows.

http://stockcharts.com/c-sc/sc?s=$CPC&p=W&yr=1&mn=0&dy=0&i=p51767383580&r=5975.png

What is it saying now in your view?

Point 3 is a good one. Also, ALWAYS watch the OEX P/C for spikes and the moving average. There has NOT been a single IT correction or tradeable spike down without this indicator flashing an alert. IMHO it's the most important indicator for today. Hopefully it doesn't stop working anytime soon. There's really only been one false signal in the past 5 or so years.

[Cirrus]

I use the OEX P/C at Sentimentrader.com. Jason also tracks (and I closely follow) the OEX P/C MAs, OI and an OEX P/C to Equity P/C ratio. All are incredible market tells. FWIW they are all in the clear for now and are actually mildly bullish IMO. Typically there are several days warning. If anyone here is trading enough money where they can afford $200 for an entire year (best value for market analysis tools bar NONE). This is from someone who has tried plenty of things through the years and cancelled most. I consider Sentimentrader indispensable and at $200 a month I feel I'm ripping Jason off. I hope he doesn't read this post--LOL--as O don't want rates to go up.

Edited by Cirrus, 06 April 2007 - 03:06 PM.

[n83]

http://bigcharts.marketwatch.com/charts/big.chart?symb=gs&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=2&lf3=4&type=4&size=2&state=15&sid=147544&style=320&time=5&freq=1&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=5687&mocktick=1.gif



Few points...

#1 GS started it's move on 2/22, 5 days ahead of the crash.
#2 On significantly Higher Volume was unable to break the $210 swing high.
#3 Price increases are met with no enthusiasm (light volume)

I think this baby is setting up for another big dive, but I'll let the chart dictate it. We could get a 4-5 day warning again...

why GS..even the DOW showed similar behavior 3 days before 2/27