This came to my attentionthought you would like to see it
Traders hoping for Republican congressional take over
BUT what if NO DEAL
DOLLAR UP- gold down stocks down
the GOOD news is ALL OVER THE Media
BEST SPT for STOCKS since 1939
BUY GOLD, its NOT going to drop more than a few bucks if at all
SAME OLD -SAME OLD
51% BULLS
24% Bears
Of course the SENTIMENT is BULLISH
BUT, is the underlying value really there?
WHOM do you think they are preaching to ?
the un- suspecting PUBLIC - of course
Internal TECHNICAL SIGNS OF DISTRIBUTION
Date --- Dow----Adv/Decl-----Vol----arms 5---- Trin 5 ----trin 10
8th---10,387--------1495------4093--------78------390
14th--10,526--------998-------1416--------80-----402-------791
20th--10,753-------863--------1685
You can plainly see WANING Vol & Adv decline internals against a rising mkt
TRIN 10 issued a SELL SIGNAL on the 14th
More later
Jay
8 comments:
There is a giganctic 60 minute chart divergence using the MACD...on the regular S&P index right here. So any new high (if we get there) should be short lived. I know you will be right Jay that the market will go down hard, it is just the timing is hard to call here.
Also, if we get a print above 1149 on the S&P, that should indicate higher prices. We still could go down from here...so a great place to short this with a super tight stop.
a=c 1158
nasdaq may gap 2387-2374
sincetreluy,
cementzak
Fred
thanks for the additional data
thats the type of comments that we all appreciate
WALL ST MOVIE breaks today
Pigs get slaughtered
Jay
C
Your right about the Power graph
It appears inverted
Might be my fault for reading it wrong -
One more high- MONDAY at 10am
but it might be a rebound high off a lower open??
Jay
Jay - based on that ... then 27th - 30th should be a drop ?
does that invert all the stress dates you mentioned ?
AS
NO change for stress dates
Misreading this week's POWER DATA
does not effect future dates
Oct4th is next most important date
Harley has it as a low also
Heavy neg harmonic cluster
Jay
As
YES, the reading
DONT BELIEVE what you hear or read, CUTS BOTH WAYS- at tops and bottoms
We should see some selling late today - which gives Monday's 10am cycle a chance to recover again.
But lets invert that one and think of it as only an hod, and the 29th a low thus the 30th still has some potential to recover, but only within the weeks decline.
a review of next weeks Power graph shows a high on open on 27th, then lower into 29th
Will publish the graph this wkend
Jay
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