FWIW From last night post -
Posted 04 November 2022 - 11:15 AM
FWIW From last night post -
Posted 04 November 2022 - 12:52 PM
Sorry meant to link previous thread comments here for reference.
https://www.traders-...-fwiw/?p=878849
"Posted 27 October 2022 - 06:01 PM
FYI I don't like what I see on the IT up cycle here ... will update when I get a chance ...outside of the no one cares DOW - the broad market SPX and tech this
bounce like just like all the others in 2022 in my model where most have topped out ..albeit some with one more push up, others not .. this is actually the weakest
of 2022 IT moves on tech which takes some doing given the setup we had LOL "
"Posted Yesterday, 10:05 AM
... those following my work know was looking for move topping out, and break of 3800 to trigger IT sell.
For those that follow waves u can follow this chart on stockcharts public ..'C' completed as expected.
https://mark_davidson1-yahoo.tinytake.com/msc/NzUyOTM3NF8yMDQ2OTI2OQ"
Edited by EntropyModel, 04 November 2022 - 12:54 PM.
Posted 04 November 2022 - 01:29 PM
Actually tell a lie - there is ONE component not confirming the IT sell - that's volatility ... but odds increasing it will turn up over next few sessions even if
only ST - if it turns up 'enough' then it will 'mean revert' and confirm the sell .. it's been acting 'weird' ..maybe to do with hedges being unwound before the election? dunno' but
i've rarely seen it move this far opposite to price ..it's not 'automatically bearish' it depends on context ...in OUR context I read it as longer term bearish because we aren't coming
off a big vix spike which is more normal for this behavior + other than this model is a sell.
Edited by EntropyModel, 04 November 2022 - 01:31 PM.
Posted 08 November 2022 - 02:30 PM
Most recent comments for ^this
https://mark_davidson1-yahoo.tinytake.com/msc/NzU0NTcxMl8yMDQ5MzM4OA
live intraday -
https://markdavidson...entary/comments
Also if u want a long listen - my last video cast "This Time IS different, and NOT in a GOOD way"
https://markdavidson...rent-and-not-in
Edited by EntropyModel, 08 November 2022 - 02:31 PM.
Posted 08 November 2022 - 07:48 PM
With the election 'out the way' I expect the current IT move to continue to 'top out' - we're getting a range type move as expected...I am looking for
it to roll over again by the end of the week high odds, into another down move ...this time I expect the DOW and broad market to join tech and internals to reverse down.
Posted 09 November 2022 - 03:51 PM
With the election 'out the way' I expect the current IT move to continue to 'top out' - we're getting a range type move as expected...I am looking for
it to roll over again by the end of the week high odds, into another down move ...this time I expect the DOW and broad market to join tech and internals to reverse down.
quick update to this
Posted 10 November 2022 - 12:27 PM
Market Comments here - a few charts
Posted 10 November 2022 - 02:20 PM
OK - here's my 'into end of year' setup this 'running IT corrective' ..hopefully this make clearer! ?