4 replies to this topic

[Mr Dev]

In short
5/10% index component is oversold
Summation nearing what could be support at the (make or break)0-line
Ah the rest is also really obvious.. so I'll spare da details.


Shot at 2007-06-26

[atlasshrugged]

In short
5/10% index component is oversold
Summation nearing what could be support at the (make or break)0-line
Ah the rest is also really obvious.. so I'll spare da details.


Shot at 2007-06-26

what do you make of the massive divergence (5) that has been taking place since 2006?

[Mtrader]

The only different this time is that summation is going below zero.

[Mr Dev]

what do you make of the massive divergence (5) that has been taking place since 2006?

Well I think its troubling.. I've been watching and highlighting it for months now..

all I'm saying here ...as I always do...is this is how I read the chart/

Speculation on whether it crosses or doesn't cross the O-line is a Fools game....I try not to play!

However, I can state the FACT that at the current rate of decline it could easily reach the 0-line here

by Friday.

As I look out the window I see that the Mooon should be FULL by then ,,,, we have often seen big spikes .....

for some uncanny reason.... add in the 0 support and 5/10 oversold and who knows... what's possible...!

Again for as low as the McOsc and the 5/10 components the markets are NOT that far from their recent highs.

We have yet to reach the Bearish MOMO area on my key charts,.. but the Trend section or the MA on the CPC is crossing to the Bearish area.

Probelms with the CPC mid Line crosses on a BOLLI is big swings in the market as it trasnitions.

My weekly indicator posted here hooked over two weeks ago.... I said then that it ment business when

that happens... also predicted a crash when the DOW SUMM was up at 1500,,...hehe some thought that
might be BuLLISH ...na-ah!

So weekly trend down and obviously the daily is down ... but we are reaching oversold...I'd say

cover here .....play long if you're gutsy ...or for some that think this is a SLAM DUNK For the Bears...

you guys are dangerous,... so sit on the sidelines and wait for a POP and then ease into shorts again

as you wait for the lower time frame charts like the 30m and 60m trends to become overbought.

Sorry but trading consist of the same old set ups....over and over again...problem is we ..yes we..
as traders don't wait patiently or .......we ignore them.

THe more we ignore ...or don't wait........the more we will suck as a traders.

Time for bed,

Edited by Mr Dev, 27 June 2007 - 12:12 AM.

[Mr Dev]

for some that think this is a SLAM DUNK For the Bears...

you guys are dangerous,... so sit on the sidelines and wait for a POP and then ease into shorts again

as you wait for the lower time frame charts like the 30m and 60m trends to become overbought.

Well sorry MT the POP came in a timely manner with the RUT being the best performer UP 1.5% today ! weee

As far as posting this CHART and thoughts last night I only try and help those out there that can not help themselves and or NEW to the game.

All you other "pros" out there can fend for yourselves.

Also hidden in my message was something for NAV..

NAV you are the only reason I really addressed this chart for the board and 5/10% component the way I did.

You see I didn't want you to think that the 5/10% should only be looked at as a trending indicator.....as you

mentioned it being a trending reason for confirm shorting..

i think it should be respected as an oscillator,.. and when it gets this OVERSOLD you should reconsider

ANY NEW SHORTs and consider CLOSING ALL Old SHORTs and consider going with some NEW LONGs.



Anyway NAV,, your doing a ell of job out there,... and your flexibility to see what is happening so quickly is your biggest asset.

Since I think you were getting Long this morning....

.............good trading and

Well done

Edited by Mr Dev, 27 June 2007 - 06:56 PM.