15 replies to this topic

[SemiBizz]

[fib_1618]

The context is the SEASONALITY

And as we have seen countless amount of times since the 2002 lows, seasonality can and does change fully dependent on the underlying structure of the price pattern being measured.

I expect the NASI falling into -8/900 area in about 2/3 months

Based on?? Just because?

Do you actually know what the McClellan Summation Index is measuring?

Fib

[jawndissedi]

The context is the SEASONALITY

And as we have seen countless amount of times since the 2002 lows, seasonality can and does change fully dependent on the underlying structure of the price pattern being measured.

I expect the NASI falling into -8/900 area in about 2/3 months

Based on?? Just because?

Do you actually know what the McClellan Summation Index is measuring?

Fib

I just love the tone of your comments. Dripping with superiority and condescension, utterly devoid of humility, totally persuaded that there is some absolute set of metrics that can forecast the probability of future prices with precision (95%, 75%, etc.) Folks who develop on-line personas like this usually turn out to be compensating for real-life trajectories that are decidedly than less than optimal.

What did you say your day job was, Fib?

[thespookyone]

I am just sharing with you today that "THE TOP IS IN" for most of the indices

Sorry...the market says it still has much more to go to the upside. The Dow internals, for example, have already given upside objectives of 14,300 (95% chance), 15,600 (75% chance) and is currently working on a new price objective of 16,900 (45% chance). So until these targets are either reached or canceled I would suggest keeping my powder dry before calling ANY type of top.

The formation of a triple declining top on The Nasdaq Summation, that is rolling over "0" shows a clear MULTI WEEK SELL SIGNAL

Not necessarily. It all depends on the context of which the Summation Index is measuring. One should also not confuse the secondary marketplace with that of the primary...different rules create different outcomes.

Just do yourself a favor....don't be buying anymore "crash puts" until you see at least "A" price top beneath "A" price top in your index of choice.

Fib

And what are the odds of getting to those numbers without any sort of correction? I think "not fresh"

[fib_1618]

totally persuaded that there is some absolute set of metrics that can forecast the probability of future prices with precision (95%, 75%, etc.)

I just share what the market provides as a blueprint...my track record in this substantive interpretation speaks for itself.

What did you say your day job was, Fib?

I provide jobs for around 100 people in a dying industry (including full medical) along with a sense of self worth and self reliance for those who may wish to take control of their lives and not become dependent on others for their well being.

What do you do?

And what are the odds of getting to those numbers without any sort of correction?

Good question actually. I guess it all depends on what you believed a correctional period within an accelerated price pattern sequence would look like. The market has been doing an amazing job of "correcting on the fly" since last summer's lows, and with the current internals, I wouldn't expect too much in the way of prolonged price decay for the intermediate term.

Just keep in mind that there's been enough money flow energy generated in the markets for these same Dow price objectives to be reached, and that's all that counts. One would have to use other tools to come up with a guesstimate as to when these same objectives might actually be reached.

Fib

[OEXCHAOS]

Decline is coming real soon. all the ingredients in place. big down

All except sentiment. You gotta stretch really hard to consider that "in place". Of course, things can change, but unless you get more pulls, the "fuel" for a good decline just isn't there. In fact, you will quickly get "fuel" for a big rally.

M