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01/05/2013 Weekend Update

wayne0708
Posts: 815
Joined: Sat Sep 03, 2011 6:37 am

Re: 01/05/2013 Weekend Update

Post by wayne0708 »

ES Futures prior to Open!
Quite a negative divergence on hourly chart.
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ES 0104.png
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/05/2013 Weekend Update

Post by Al_Dente »

“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”

http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0

[original source is Bespoke]


http://www.youtube.com/watch?v=fxEmnxiUz8w
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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KeiZai
Posts: 2827
Joined: Tue Nov 29, 2011 6:16 pm
Location: EUROPE

Re: 01/05/2013 Weekend Update

Post by KeiZai »

Posted this chart here few months ago, now we are right at trendline although this move up looks very corrective (e) is often shortest...if break through trendline then I think this long lasting consolidation is done
crude
crude
crude
crude

Thanks everyone for great charts this weekend
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/05/2013 Weekend Update

Post by Cobra »

Al_Dente wrote:“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”

http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0

[original source is Bespoke]


http://www.youtube.com/watch?v=fxEmnxiUz8w
Interesting, so sometimes during 2013, all the gains would be erased, we dip into annual red for at least one day.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/05/2013 Weekend Update

Post by Al_Dente »

Cobra wrote:
Al_Dente wrote:“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”
http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0
[original source is Bespoke]
http://www.youtube.com/watch?v=fxEmnxiUz8w
Interesting, so sometimes during 2013, all the gains would be erased, we dip into annual red for at least one day.
Si Senor
ps: for some reason, i often forget to vote for u on sundays: https://stockcharts.com/public/1684859
but i never forget Etta: http://www.youtube.com/watch?v=H8gjyS-QEVs
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/05/2013 Weekend Update

Post by Cobra »

Al_Dente wrote:
Cobra wrote:
Al_Dente wrote:“Each day in 2012, as well as in these early days of 2013 … the Standard & Poor’s 500-stock index has closed in positive territory for the calendar year.
Here’s another way of putting it: In 2012, the index never had a daily close below the closing level for 2011. And despite endless worries … the streak lives on.
How unusual is this?
‘Going back to 1928, there have only been eight other years where the index went an entire year of trading up year-to-date every single day’
…. The last time was in 1979.
The odds that the current streak will be sustained through a second calendar year are quite low. Since 1928, it’s happened only once ….”
http://www.nytimes.com/2013/01/06/your- ... 30106&_r=0
[original source is Bespoke]
http://www.youtube.com/watch?v=fxEmnxiUz8w
Interesting, so sometimes during 2013, all the gains would be erased, we dip into annual red for at least one day.
Si Senor
ps: for some reason, i often forget to vote for u on sundays: https://stockcharts.com/public/1684859
but i never forget Etta: http://www.youtube.com/watch?v=H8gjyS-QEVs
Thanks. :mrgreen:

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
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