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My composite trend indicator signal is down. Bulls need to get bullish percentages up to turn it.
My summation index signal is mixed. The SPX component is up on a break of Thursday's high.
The NASDAQ and R2K components remain down.
I am watching from the sidelines and trying to be patient.
Technicals seem to be a mixed bag to me at the moment.
Seems like Mr. Market wants to go make new highs but there are issues.
He also often likes to put in a low late in the week before OPEX.
So, I'll wait for a setup to come to me.
In the mean time, maybe I'll go walk the dog or give my mom a call or something...
Showed a BBand squeeze and pop up in VIX...we got that...next a bounce off of the 50dma...we got that....now it's possible we get a move up in the markets and a drop in the VIX...
Of course, I just previously said we may see a low of some kind on the 5/6th...so a move up/drop in VIX after that of course...
Not sure if this is what TG was posting last week since I did not get to read all the posts.The chart shows how much higher and timing of the new highs including a new higher high coming up soon.Anyway info to watch and compare.
KENA wrote:Not sure if this is what TG was posting last week since I did not get to read all the posts.The chart shows how much higher and timing of the new highs including a new higher high coming up soon.Anyway info to watch and compare.
KENA wrote:Not sure if this is what TG was posting last week since I did not get to read all the posts.The chart shows how much higher and timing of the new highs including a new higher high coming up soon.Anyway info to watch and compare.
130228 Dow.jpg
Kena, I can't see your chart in a larger format??
Thanks..I tried to enlarge don't know why..But as it is it is not worth much.
able to break above the thick blue line, I'll read it as double bottom therefore bullish biased, wait.
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