6 replies to this topic

[skott]

excessive optimism. Learn from the past

[eminimee]

I've reworked this one...it's basically an "over spec" indicator.....TWT

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=8&mn=6&dy=0&i=p40519880007&a=107023022&r=8409.png

[eminimee]

[Sentient Being]

On the indicator below you can see that readings at about 3 signal trend change is approaching or arrived. Those high spikes of 5 are actually much more rare than this time frame makes them appear.

The last couple of days readings have become more extreme (the market less compacent) but we haven't hit a 3 yet. Looks to me like the bulls on the board don't have too much to worry about, yet. But this indicator doesn't give much of a warning sometimes, it can shoot right up to an extreme level in a day. But so far so good, I'm hoping my qqqq stop pushs past 12% tonight after my data download and my charts are updated.

Edited by Sentient Being, 09 October 2007 - 11:40 AM.

[tommyt]

yes, a big shift is underway...P/C #'s at the ISE and CBOE are showing big optimism yest/today...my best guess is a ST pullback this week, then an expiration rally...and nice drop after. I'm using SPY 150ish as a stop point to abandon that thinking and get more short. Don't have much on yet, short RIMM.

[dcengr]

[spielchekr]

Nice chart from Marc Flavin:

http://stockcharts.com/c-sc/sc?s=$CPC&p=D&yr=3&mn=0&dy=0&i=p21343612694&a=118929235&r=841.png