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Interesting information

Interesting information

Postby rbharol » Tue Feb 15, 2011 6:09 pm

The SnP 500 is up 27.2% over the past 118 sessions without a 5% correction. Since 2003, this is the 4th longest in duration, but the 2nd best percent gain during the rally(chart 1 below). In addition, according to sentimentrader.com, whenever:

1) The 7th day of SPY intraday range has been the tightest over the prior 7 days,
2) SPY has been at a 52 week high, and
3) Volume has been the lowest in a month,

the market has undergone a correction(Chart 2 below)

http://image.minyanville.com/assets/buz ... 779316.jpg
http://image.minyanville.com/assets/buz ... 779330.jpg

Courtsey: MinyanVille
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Re: Interesting information

Postby Cobra » Tue Feb 15, 2011 7:29 pm

Thanks for being the very first to post new thread! :D

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Re: Interesting information

Postby rbharol » Wed Feb 16, 2011 2:46 am

http://www.screencast.com/users/rbharol ... 74ea781eb0

This is what I am expecting and it seems to be playing out.. Tomorrow will be important..
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Re: Interesting information

Postby uempel » Thu Feb 17, 2011 8:20 am

rbharol, it would be helpful to know what you are showing. Or are you just referring to the form of the line?
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Re: Interesting information

Postby huiwangren » Thu Feb 17, 2011 10:52 am

Thanks for being the very first to post new thread!
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Re: Interesting information

Postby freshman » Fri Feb 18, 2011 10:06 am

Hi, Tony Caldaro had a minor 1 wave at 1302.67. If minor 3=minor 1, minor 3 would be at 1431.67. Giving 20 points back as minor 4 and add 50% of minor 1 as minor 5, we will see 1476 as spx's top. Everyone agrees with that? Image can be seen at this address:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987
Thanks!
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