Panic button was pushed.....
Some ST thoughts
Started by
NAV
, Oct 10 2007 07:28 AM
12 replies to this topic
#11
traderpaul
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Posted 10 October 2007 - 09:50 AM
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#12
ogm
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Posted 10 October 2007 - 10:21 AM
Internals momentum is way too strong for the market to roll over here.
Educate me.
1) NYSE daily cumulative A/D line is still below July lows.
2) NYSE weekly cumulative A/D line is still below July lows.
3) 10 day EMA of NYSE Adv-decl (not cumulative) is diverging negatively.
4) NYSE MCO is displaying multiple divergences against price.
5) Nasdaq A/D (daily and weekly) line is a shame (or sham).
What is strong is the price momentum, not the internal momentum.
#13
airedale88
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Posted 10 October 2007 - 01:21 PM
when examing internals, don't forget the multiple 9 to 1 NYSE volume up thrusts. very bullish.
i think raw a/d line divergences should be discounted for now, considering we just saw a 4.5 yr cycle low with concurrent breadth damage all happening in a compact time period.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
