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Where no rally has gone before

Started by spielchekr , Oct 31 2007 10:49 PM

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4 replies to this topic

#1 spielchekr

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3,104 posts

Posted 31 October 2007 - 10:49 PM

This entire rally to all-time closing high has been below the $NYA200R 60% line. The ATCH occured on a divergent lower high of the $NYA200R, and 38.2% retracement of $NYA200R, low-to-high. No other rally has occured with <60% $NYA200R and upper MA band prices coexisting. Lots of other good stuff in this chart, but I don't want to spoil all of the fun.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&st=2003-01-01&i=p76480344895&a=119781949&r=1278.png

Edited by spielchekr, 31 October 2007 - 10:50 PM.

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#2 snorkels4

bad guy

Traders-Talk User
2,677 posts

Posted 31 October 2007 - 11:12 PM

thanks for preparing such a nice chart new leader ndx? might be better prognosticationatorizer <_<

the divergences in 2000 were much more pronounced??? its hard to believe that a target that low would be possible with all of the global strength we have yet to hit atillas $ target

Andy House, Texas Man, Accidentally Drives 2006 Bugatti Veyron Into Salt Marsh

http://www.zimbio.co...Veyron Crashing

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#3 da_cheif

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10,964 posts

Posted 31 October 2007 - 11:17 PM

This entire rally to all-time closing high has been below the $NYA200R 60% line. The ATCH occured on a divergent lower high of the $NYA200R, and 38.2% retracement of $NYA200R, low-to-high. No other rally has occured with <60% $NYA200R and upper MA band prices coexisting. Lots of other good stuff in this chart, but I don't want to spoil all of the fun.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&st=2003-01-01&i=p76480344895&a=119781949&r=1278.png

TO DA MOON..... :lol:

http://twitter.com/don_wolanchuk

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#4 denleo

Member

Chartist
3,097 posts

Posted 01 November 2007 - 12:03 AM

Nice chart. I was talking to Fib_1618 today about the same thing. I checked only the leading indexes (not too many of them out there any more), only the ones that closed at new highs, like NYSE, NDX, Materials, Technology. Percentage of stocks trading above 50 and 200 day MAs on a day when an index makes new highs are worse than 2,000. I am not even talking about laggards here. Only the leaders. Participation in this rally is worse than 2,000. I keep building positions. The market will not go down until I am fully positioned. Bulls are there to accomodate my needs.