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looks like more down, BUT r2k 10 min looks like dbl bottom, minor bull diverg...for brave or foolish or lucky...TraderGirl wrote:SPY...
Great ratios!uempel wrote:This is only for the long term:
Two long term ratios I follow are SPX/Gold and USB/SPX. Both ratios suggest that the equity markets might not see new highs in the next few weeks - or even worse. If the USB/SPX ratio rises all the way back to 0.95 and breaks the grey line the bull is dead. But at the moment this is alarmist talk, I guess I sound like Prechter. Please don't take it too seriously
Great stuff Uempel, It almost looks just like a 2 legged measured move pullback on the SPX/GLD, before the next big leg.uempel wrote:This is only for the long term:
Two long term ratios I follow are SPX/Gold and USB/SPX. Both ratios suggest that the equity markets might not see new highs in the next few weeks - or even worse. If the USB/SPX ratio rises all the way back to 0.95 and breaks the grey line the bull is dead. But at the moment this is alarmist talk, I guess I sound like Prechter. Please don't take it too seriously
Looking at the count for RUT...I think it's quite possible we are only on wave 3, with wave v of 3 not yet complete....IMHOjoegamma wrote:looks like more down, BUT r2k 10 min looks like dbl bottom, minor bull diverg...for brave or foolish or lucky...TraderGirl wrote:SPY...
Thanks,nice count,TraderGirl wrote:Looking at the count for RUT...I think it's quite possible we are only on wave 3, with wave v of 3 not yet complete....IMHOjoegamma wrote:looks like more down, BUT r2k 10 min looks like dbl bottom, minor bull diverg...for brave or foolish or lucky...TraderGirl wrote:SPY...
TRIN (components) = ( NYADV / NYDEC ) / ( NYUPV / NYDNV )Mr. BachNut wrote:TRIN seems very low at the moment. It usually pops on a downdraft.
Not sure what to make of it except that it looks off...
Agree. Not consistent with a typical selloff and the impulsive price action we have seen.rhight wrote:TRIN (components) = ( NYADV / NYDEC ) / ( NYUPV / NYDNV )Mr. BachNut wrote:TRIN seems very low at the moment. It usually pops on a downdraft.
Not sure what to make of it except that it looks off...
the component that is keeping TRIN low today is NYDNV, which is low (~300 now) compared tho NYUPV (~100 now). For TRIN to rise today, we need to see in uptick in Down Volume. The lack of volume means sellers have not poured in. I'm afraid to see what happens when sellers do show up.
Hope that helps
let's buy the FD?Cobra wrote:mini target.