NDX chart and potential LEVELS as per Tim McCarthy
More food for thought Jay
5 comments:
Anonymous
said...
SPX with Euro/Yen ratio. This is a neat chart; it uses the Euro/Yen Ratio, which predicts the market movement very well! Notice how the ratio turned up in late February, which predicated the bottom in the market. However now the Euro/Yen ratio has turned down, and this might be predicating a move down for the market.
I’ve dropped three moving averages (5/10/21) of the NYSE Advance-Decline Volume index. Now what I’m seeing here are two things: One, all three seem to be converging and although I am unsure about the exact meaning of this it happened two months ago (remember?) which was followed by a drop into (5) of {1} all the way to our evil 666 mark. Second, they are all pointing down and have been declining for a while now - a pretty clear sign of waning momentum in this bear market rally.
Daily action . . . suspects so, even as we believe there is more to achieve by testing the upside after some downside probing early in the new week. Inversion thereafter is the question ...
5 comments:
SPX with Euro/Yen ratio.
This is a neat chart; it uses the Euro/Yen Ratio, which predicts the market movement very well! Notice how the ratio turned up in late February, which predicated the bottom in the market. However now the Euro/Yen ratio has turned down, and this might be predicating a move down for the market.
http://stockcharts.com/h-sc/ui?s=$XEU:$XJY&p=D&yr=0&mn=8&dy=0&id=p83818453322&a=160934728&listNum=11
alvin
from IYB 7 sentinel. A very reliable indicator. Close to triggering with any weakness monday morning.
http://www.traders-talk.com/mb2/index.php?s=54a14865036a004f43fa253b24ef32fd&showtopic=104578
alvin
" small change in the mclellan oscillator friday suggesting a large price move is likely, early this week"
the money shot from evilspeculator:
I’ve dropped three moving averages (5/10/21) of the NYSE Advance-Decline Volume index. Now what I’m seeing here are two things: One, all three seem to be converging and although I am unsure about the exact meaning of this it happened two months ago (remember?) which was followed by a drop into (5) of {1} all the way to our evil 666 mark. Second, they are all pointing down and have been declining for a while now - a pretty clear sign of waning momentum in this bear market rally.
http://evilspeculator.com/wp-content/uploads/2009/04/2009-04-19_nyud.png
Daily action . . . suspects so, even as we believe there is more to achieve by testing the upside after some downside probing early in the new week. Inversion thereafter is the question ...
gene inger letter
http://decisionpoint.com/TAC/INGER.html
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