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I'm sorry, I must have missed something. A low TRIN is consistent with which view?Mr. BachNut wrote:The low TRIN reading over several days is consistent with that view.uempel wrote:This chart by Al_Dente tells the whole story, no need to look much further: market is slowly deteriorating and SPX is trying to save itself (presumably by pushing up a few large caps or by pushing up the etf SPY, I have not yet looked into the precise numbers)Al_Dente wrote:Hi Uempel:
Here’s my “Lazy Man’s Bullish Percent” chart update
The only thing turning up here is SPY
These will all start climbing up if/when the bulls take over the world again…
Honestly I wish u would post here instead of pm
luv u
Seems that something on zerohedge isn't evidence one way or another (this whole article can be total fabrication). Can one seriously believe that the writer of the article has access to "high CIA officials"? How could a "high CIA official" leak something like this and keep their job?. "red flag operation used for thousands of years" and commonly known as “plausible denial.” smells suspicious..) -it's like the Simpsons episode where Homer is Mr X...quientuves wrote:Obame can't find support in Congress to attack Syria and now:
High-Level U.S. Intelligence Officers: Syrian Government Didn’t Launch Chemical Weapons
http://www.zerohedge.com/contributed/20 ... -chemical-
Big up on Monday?
A low TRIN is bullish. However, a very low TRIN over a few days doesn't appear often and can serve as a warning. You get it under the following circumstances:rhight wrote:I'm sorry, I must have missed something. A low TRIN is consistent with which view?Mr. BachNut wrote:The low TRIN reading over several days is consistent with that view.uempel wrote:This chart by Al_Dente tells the whole story, no need to look much further: market is slowly deteriorating and SPX is trying to save itself (presumably by pushing up a few large caps or by pushing up the etf SPY, I have not yet looked into the precise numbers)Al_Dente wrote:Hi Uempel:
This is what I see; NYUPV has been 1.5 to 3.5 x NYDNV for 4 days, and NYADV has been > NYDEC for the same period, hence the low TRIN. SPXA50R has turned sharply up. Bullish Percentage always seems to lag bull turns by 4 days or so. On the face of it, all of that has to be considered bullish as far as a possible change in int. trend goes (3 w to 3 mo). Right? The fly in the ointment is low volume and bearish weekly momentum (although near bull support), and event risk on the horizon. The volume by price study I posted earlier seems to indicate that most longs are still holding. Even though VIX is still above its 20DMA, CPCE doesn't seem to indicate much concern. This may indicate that there will be enough dip buyers to make another attempt at a high. I'm neutral now, but hope to position in which ever way the wind blows. I'm concerned that the ingredients are there for a bull trap. If we can hold a close or 2 above the 50dma, then we may be on our way back up for a bit. Please correct me if I'm wrong on any of these interpretations.
A monster gap above resistance on Monday morning would be the easiest way for the Bulls to claim the advantage. 60 min momentum is overbought and about to turn, yet 15 min momentum is oversold and about to turn. Is that the formula for a pop-n-drop? One thing to note is that ADX DI- is still greater than DI+ on the Daily, 60 & 15 min time frames. Look for all these to realign when / if a new bull trend emerges.
This seems to have the most in depth info that I've seen:daytradingES wrote:Seems that something on zerohedge isn't evidence one way or another (this whole article can be total fabrication). Can one seriously believe that the writer of the article has access to "high CIA officials"? How could a "high CIA official" leak something like this and keep their job?. "red flag operation used for thousands of years" and commonly known as “plausible denial.” smells suspicious..) -it's like the Simpsons episode where Homer is Mr X...quientuves wrote:Obame can't find support in Congress to attack Syria and now:
High-Level U.S. Intelligence Officers: Syrian Government Didn’t Launch Chemical Weapons
http://www.zerohedge.com/contributed/20 ... -chemical-
Big up on Monday?
In this day of satellite surveylience (sp?) there should be photos of a missile launch against Damascus -that's what obama should release if he has them...
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Aside from all this catering to mass media news noise:
1. We are at the half-way point and a good place for a fall - so I would say big down day could come very soon.
2. "The past week has seen some holding off or putting off, but as Mars completes a square-off aspect with Saturn early Monday morning the brakes come off." - local paper astro column.