Does it matter when the McClellan Summation Index (call it the "MSI") turns downward within a Primary Bear Market?
A Century of history suggests that it's the "Summation of all Fears"
Good trading all! D
Summation Of All Fears
Started by
IYB
, Apr 25 2023 10:55 AM
35 replies to this topic
#1
IYB
-
- TT Patron+
- 7,142 posts
Member
Posted 25 April 2023 - 10:55 AM
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
Rogerdodger
-
- TT Member*
-
- 26,870 posts
Member
Posted 25 April 2023 - 11:10 AM
Don, Thanks for the timely post.
The VIX looks ominous here too.
If we can get any bounce here into May, I think it would be misleading and very shortable
Edited by Rogerdodger, 25 April 2023 - 11:49 AM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
OEXCHAOS
-
- Admin
- 22,015 posts
Mark S. Young
Posted 25 April 2023 - 12:19 PM
VIX trend trying to turn up today.
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#4
Rogerdodger
-
- TT Member*
-
- 26,870 posts
Member
Posted 25 April 2023 - 12:26 PM
We will se. It's looking more like March 9th &10th.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
slupert
-
- Traders-Talk User
- 2,800 posts
Member
Posted 25 April 2023 - 12:35 PM
We will se. It's looking more like March 9th &10th.
You are referring to the VIX or the market in general? Something specific we can look at? TIA
#6
Rogerdodger
-
- TT Member*
-
- 26,870 posts
Member
Posted 25 April 2023 - 12:42 PM
You are referring to the VIX or the market in general? Something specific we can look at? TIA
Chart is based on Market action of the SPX price combined with the inverted VIX
Of course it is always a bit different.
If the April SPX lows around 4070 can hold near here, we might see that projected "T" rally into early May.
WARNING: I've heard it said that if the McClellan Summation Index (as mentioned by Don above) turns up from below zero, but then fails, watch out below.
Or as the INVERTED CHEIF would say: "Watch the ground!"
Edited by Rogerdodger, 25 April 2023 - 02:07 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#7
IYB
-
- TT Patron+
- 7,142 posts
Member
Posted 25 April 2023 - 02:37 PM
WARNING: I've heard it said that if the McClellan Summation Index (as mentioned by Don above) turns up from below zero, but then fails, watch out below.
Great hearing from you RD. The MSI actually did that very thing on a mini-scale this week. Closed down Friday, turned up Monday, turned back down today.
Overall, of course, after today it'd be awfully hard to argue that the trend of the MSI is anything but down.
Very Best, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#8
EntropyModel
-
- TT Member*
-
- 2,723 posts
Member
Posted 25 April 2023 - 02:46 PM
Swing top telegraphed on NYMO by negative div again ..and crossing down under 0 ..
VIX also tagged 16/17 key reversal area and moved up = swing bearish.
https://mark_davidson1-yahoo.tinytake.com/msc/ODE0NzUwOV8yMTMzNzI0Ng
Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data.
I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'.
Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email
https://www.youtube.com/playlist?list=PLznkbTx_dpw_-Y9bBN3QR-tiNSsFsSojB
#9
fib_1618
-
- Traders-Talk User
- 10,145 posts
Member
Posted 25 April 2023 - 02:56 PM
Through last Friday with context...throwing in the NASDAQ data as well for comparison.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#10
linrom1
-
- Traders-Talk User
- 3,997 posts
Member
Posted 25 April 2023 - 03:02 PM
Rates down, dollar up = recession.
