WHY the rally at 3;30 both days?
THE LOD on thursday was at 3;30
why ?
simple
150bars
the LOD on friday was at 3;30
Why?Simple
228 bars
Monday has 258 bars at noon
but that wont be the LOD
Tuesday has 13 day cyle at 2pm with a one hour range
Full moon after hours effect all day
90 bars @1pm
but
Most important is 126 bars at 4pm
______________________________________
that was then and this is NOW
A Sell signal was generated on FEB 24
A/D -- Vol --- 5day Arms --- a/d ave -- vol ave -- 5 trin-- 10 trin--
729-----1493------78.4--------145------298-------392-------997
NOW on March 6
646-----516------149----------129------103-------747------1268
The numbers for March 6th are NO WHERE near oversold
5day arms should be near or above 200.1
5 day trin should be above 1000
10day trin should be above 2000
the first 2 numbers should be well below 400 each
Friday's PC ratios on a SELL
Jaywiz index on Thurs =26
Fri = 32
Spdr = 87
CBOE pc = 87
OEX = .49
SPX 500 = 1.06
there were 827 new lows
on Oct 10th, there wre 2591 new lows
WE need to have 2 days with arms over 3.50
_________________________________
More Later
Jay
5 comments:
Everyone that has access should see Charts Edge. For the past two weeks, it's been showing a double bottom with the 2nd one around 3/16 or so.
Perhaps, it's this 2nd bottom that will show a selling climax.
Jay -
Do you think this is feasible? It looks quite possible to me.
Jay,
I wish I was as confident as you about the Monday-Tuesday scenario. Seems like a possible short term bottom was made on Friday.
I am still short but very worried.
Steve70. Chartsedge stopped posting his "Daily" map everyday. I noticed once they started becoming relatively consistent in accuracy, he stopped posting them everyday which is understandable. My question to you is do you subscribe to receive the daily maps everyday? If u do, what subscription grants access to them?
Alvin.
Alvin -
I take the one that only has the SPX & NDX - it's $15 per month. I've found that most of the time both the daily & weekly are uncannily accurate, but he's wrong, he's dead wrong like on Wed.
I can't answer for the longer-term forecasts, but the weekly/daily are well worth $15 per month.
Steve
ok. thanx steve.
Alvin
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