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You are welcomeuempel wrote:Ahhh, now I get it, range is top down of SPX. Thanks a million.KeiZai wrote:uempel wrote:KeiZai, "Range is 5.8. We are at 10.9% of Range" relates to ticks, right? Thanks.KeiZai wrote:Update:
Bulls: 30 extreme ticks and bears: 8 extreme ticks. 56% pos ticks. Net Advancing is 274. Range is 5.8. We are at 10.9% of Range.
The Range is the amount that the SPX has moved from high to low during the session.The percent of the Range is where the SPX is currently trading within that range.
Thanks and welcome aboard!Green Prince wrote:SPY intra day not looking so strong. Have a neg divergence with one of my indicators on both the 1min and 2 min.
http://1.bp.blogspot.com/-8lFBdKrpp3I/T ... /spy+1.png
http://3.bp.blogspot.com/-42mZo3CfGos/T ... /spy+2.png
All roads lead to 1307-1308.TWT wrote:SPX: if 5 w off Friday´s lod then the overall count off Dec 19 lod could be corrective = w (III) of Ending Diagonal
99er wrote:Food For Thought
Steen Jakobsen, chief economist for Saxo Bank in Denmark, has some very interesting thoughts to share on the sovereign debt crisis in Europe. His six major points are:
More austerity cannot possibly work.
Voters have lost the faith and willingness needed to repair the current EU and Eurozone construct
Credit and debt cycle is busted. Irving Fisher's Debt-Deflation Model is in progress.
The end-game is near for Europe. Prepare for a meeting of the cardinals
Nicolas Sarkozy is falling apart and likely to lose to Marine Le Pen in the first round of French elections
The "Hope Trade" in equities is in Extreme Overvaluation. Be nimble and cash-rich now to be able to take advantage of deep discounts coming up later.
http://globaleconomicanalysis.blogspot. ... etary.html
It behaved how it was supposed to. I honestly cannot imagine another black candle on the daily chart. If today's holds that would be 7 in the last 21 days.SB73 wrote:Looks like a descending triangle...breakout up?
Also, just about to confirm the 5th divergence on the hourly MACD / RSI. I don't necessarily trade divergences, but they are saying something IMO.SB73 wrote:It behaved how it was supposed to. I honestly cannot imagine another black candle on the daily chart. If today's holds that would be 7 in the last 21 days.SB73 wrote:Looks like a descending triangle...breakout up?