ANYBODY else looking at this ?? A SELL SIGNAL of the internals
CAN BE DELAYED from 3 days to as much as 10DAYS
Are you familiar with the ARMS & TRIN indexes??
on FEB 25th
ARMS 5 = 139, a BUY
TRIN 5 = 697, a buy
trin 10 = 1147 , a buy
On March 10th & 11th SELL SIGNAL WERE GENERATED
arms 5= 81.4 & 75.4
Trin 5 = 407 & 377
trin 10 = 933 & 916
THESE ARE NOT MY SELL SIGNALS
they are generated from the MARKET's INTERNAL Data on ADV/ declines & VOLUME
I have kept track of this data for 7 years and it is very telling
but the reaction doesnt have to be IMMEDIATE
and you ALL KNOW THAT
WHEN THIS BABY GOES,
we WILL KNOW IT
POWER INDEX DOES DROP OFF TOMRROW for the FIRST TIME ALL WEEK
There are 15 TRADE days till APRIL 1st and the the COMPRESSION thats building up will be exacerbated.
when it starts to cascade, NOTHING WILL STOP IT till APRIL 1st.
Jay
AND TODAY PUT the FROSTING on the CAKE
New highs
Monday 470/6
Tuesday 432/2
WEd ?
Today 293/1
daily ARMS INDEX
WED = .66
TODAY= .57
ARMS 5 NOW = 69.6 = SELL
TRIN 5 now = 348 = SELL
TRIN 10 now = 866 + SELL
WHEN ALL 3 indexes are in SYNC - IT YELLS OUT LOUDLY
Jay
11 comments:
Jay,
Is this chart finished
http://slopeofhope.typepad.com/.a/6a00e009898222883301310f45c345970c-popup
Jay,
Do you have tomorrow's EKG
Thanks
rrman,
Tomorrow's open is it down or up.
Jay's chart is showing down for tomorrow.
EKG shows YOYO
so far but a better picture will emerge at 8:30am, at least for the open
As I have stated, its from a data stream, and picking the start and finish is variable, as we can see by today's lack of showing the end of day rally on the initial ekg
Jay
FOR COMPARISON
ARMS DATA
June 24,2008 dow 11,842
arms 5= 85.8
trin 5 = 429
trin 10 = 899
DOW FELL IN 14days to
10,962
Feb 27, 2008 dow 12,694
Arms 5 = 76.6
trin 5 = 383
trin 10 = 937
DOW FELL in 8 days to
11,740
Jay
Thanks Reza, i posted the DOMED house chart
meant to do it last week, but lost it.
Jay
Jay,
Is it a dead case or still on it.
BTW, when exactly does new moon take place Eastern Time?
But when you look at this selling, money is actually flowing out
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=topnav_2_3000
Reza I think we gap down
Thanks rrman
Post a Comment