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Most people simply don’t know anything about the complexity of astrology, its history, or the fact that the system of symbolism and prediction is based on observation by literally millions of practitioners over thousands of years.
It is simply a clearly demonstrable fact that trading The Moods of The Moon - the monthly phases of the lunar cycle - produces steady and reliable profits across any long-term timeframe.
And many of those same dismissive readers will happily fork out bundles of boodle to be trained in Gann techniques, or take notice of the Bradley Model turn dates - without having a clue that both are deeply rooted in astrological aspects.
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Could it be a pivot point of some sort? What do you think a miss might do— chart-wise? Would a miss make sense for the 6.5% pullback you've been talking about? Would a beat signify this mini-pullback could be over?
Thanks in advance for any insights you may have. Very tricky with market closed tomorrow.
I have no idea about NFP. Assume it's not bad.
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fundtrader wrote:Does anyone have any thoughts on the McClellan Oscillators for the NYSE and Nasdaq? Both are around the -50 area through yesterday's close. Don't we need to see them near +100 before a meaningful correction?
+80 would do as well; it hasn't gone up like that in months! It has been consolidating, dropping going up consolidating.... lowest was -50 yesterday and a couple of weeks or so ago. This grinds volatility and bear ETFs.
Cobra,
I am new but have been watching from the outside lately. I thought you did some chart analysis on the McClellan Oscillators for the NYSE and Nasdaq recently? If so, can you point me to where I can see them? Thanx.
don't know. I thought the low was in, we're on the 2 legged rebound now, the 1st up leg apparently finished, now should be the 2nd leg up somewhere. I don't expect this pullback to make a lower low.
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Speaking of the NYMO, at this rate at the close today should drop to the -65 -70 mark. Generally that would initiate a nice bounce up but long weekends are sometimes notorious for screwing everyone except the people that screw everyone.
fundtrader wrote:Does anyone have any thoughts on the McClellan Oscillators for the NYSE and Nasdaq? Both are around the -50 area through yesterday's close. Don't we need to see them near +100 before a meaningful correction?
+80 would do as well; it hasn't gone up like that in months! It has been consolidating, dropping going up consolidating.... lowest was -50 yesterday and a couple of weeks or so ago. This grinds volatility and bear ETFs.
Cobra,
I am new but have been watching from the outside lately. I thought you did some chart analysis on the McClellan Oscillators for the NYSE and Nasdaq recently? If so, can you point me to where I can see them? Thanx.
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I have no idea about the market now. normally should be the low was in, we're on the 2nd leg rebound somewhere around. the normal pattern should be like this.
Attachments
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As many people are asking about holidays - the general trend for Good Friday has been to rally in to the holiday and then occasionally pause on the Monday or Tuesday after the holiday.... obviously this is not happening right now....
There are two instances of post holiday bottoms in 2006 on the Monday (14-Apr was the holiday) and 2005 - low close on the Monday after and low price on the Tuesday (March 25th was the holiday)
In looking at the Good Friday data for the last 12 plus years, it is an erratic holiday with few discernible patterns except to say that as Cobra says - 'a trend in motion stays in motion and generally given the March corrections we normally have, the trend has been to just keep rallying.... given the lack of a correction.... then we could very easily continue to the downside in to early next week, but doubtful much past Monday or Wednesday at the latest, as when we are falling in to the employment report, we almost always bottom on the employment day or the Monday or Tuesday after.....
The only recent exception to this trend was June 2011 where we peaked on the Tuesday after the holiday and then fell relentlessly in to opex.
Cobra wrote:I have no idea about the market now. normally should be the low was in, we're on the 2nd leg rebound somewhere around. the normal pattern should be like this.
Cobra wrote:I have no idea about the market now. normally should be the low was in, we're on the 2nd leg rebound somewhere around. the normal pattern should be like this.
This is for today?
today and the next few days.
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Cobra wrote:I have no idea about the market now. normally should be the low was in, we're on the 2nd leg rebound somewhere around. the normal pattern should be like this.