Cobra's Market View

DellGriffith wrote:

Tutti wrote:

DellGriffith wrote:The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

Hey Dell, what's the sample size of that study? Can you expand a bit more on the constraints? Thanks.

trin has to hit 2 before a bottom is called. it often happens right at the bottom. it can happen a few days eariler and acts as a warning to watch for a bottom. Its come as early as 7 trading days before a bottom.

In this correction, the last time trin hit 2 was 16 days ago, which like a pbar that drops off miyagis map its no longer valid.

If we bottomed, this has never happened. I checked going back to before the 2008 credit crisis.

DellGriffith wrote:

Tutti wrote:

DellGriffith wrote:The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

Hey Dell, what's the sample size of that study? Can you expand a bit more on the constraints? Thanks.

trin has to hit 2 before a bottom is called. it often happens right at the bottom. it can happen a few days eariler and acts as a warning to watch for a bottom. Its come as early as 7 trading days before a bottom.

In this correction, the last time trin hit 2 was 16 days ago, which like a pbar that drops off miyagis map its no longer valid.

If we bottomed, this has never happened. I checked going back to before the 2008 credit crisis.

uempel wrote:

Junior Buffett wrote:

uempel wrote:SPX update on the 1 min chart

ertz.png

Uempel, looks like it has broken!! draw new lines?

Warren, here's your chart. Let's hope the breakout is not a trap. If I read the new headline in the NYT I'm speechless: Health Worker Who May Have Had Contact With Ebola Is on Cruise Ship. Honestly, it's unbelievable

hhh.png

Claire wrote:By "bottom," do you mean IT term bottom or does it apply to ST bottoms?

Out of Bounds wrote:Russell failing
Much like my S&P short

DellGriffith wrote:

Claire wrote:By "bottom," do you mean IT term bottom or does it apply to ST bottoms?

All of the corrections of any significance have obeyed the trin rule. I don't know about short term bottoms, depends on your definition I guess.

fehro wrote:

Out of Bounds wrote:Russell failing
Much like my S&P short

RUT daily….for the uber bearish view.. another H&S as it retests heavy overhead resistance supply .. testing 20d.. 50d? next should it bounce around here for couple weeks and depending on the size and depth of RS.