7 replies to this topic

[Rogerdodger]

Yesterday:

Near 1440 is the 61.8% level.

Bulls gotta love sentimentrader.com tonight.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p72160678317&a=103784149&r=3883.png

Hi Don. I see you lurkin. snort

Edited by Rogerdodger, 01 August 2007 - 09:08 PM.

[rkd80]

Yesterday:

Near 1440 is the 61.8% level.

Bulls gotta love sentimentrader.com tonight.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p72160678317&a=103784149&r=3883.png

Hi Don. I see you lurkin. snort

RD,

You surprised at the level of pessimism given a rally like this?

rkd

[Rogerdodger]

The longerterm measure at sentimentrader jumped to more bearish tonight. That was a bit surprising. Maybe they use a moving average which dropped off one of the very bullish readings from a week or so back. I'm not sure that this was THE bottom but shorts need to be careful. Last night's craziness was... crazy. I went to bed with futures down 17 and woke up with them... slightly improved.

Edited by Rogerdodger, 01 August 2007 - 09:43 PM.

[ken29]

Roger, I think Sentimentrader must have made some changes in their formula, it hasn't work that well this year.

[Rogerdodger]

I should have said 1410 is the horizontal support area. If we lose 1440, I imagine it's next. As far as sentimentrader, It has been fairly telling imho. But of course, the difficulty as always is interpreting it's movement.

[Venatici]

I should have said 1410 is the horizontal support area.
If we lose 1440, I imagine it's next.

As far as sentimentrader, It has been fairly telling imho.
But of course, the difficulty as always is interpreting it's movement.

I assume the 1410 is from march, right?

[Rogerdodger]

I count 6 candles touching 1410 from below and 4 more retesting it from above in March & April.

Edited by Rogerdodger, 02 August 2007 - 09:10 AM.

[Venatici]

I count 6 candles touching 1410 from below and 4 more retesting it from above in March & April.

Yes those 6 ones...
Btw you are on my list of good posters (uhhh.. posters? I dont know what other word to use)
Many thanks