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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.89+0.3%Oct 31 5:00 PM EST
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To: GROUND ZERO™ who wrote (91309)4/3/2017 8:22:32 AM
From: John Pitera1 Recommendation

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Mevis

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Hi GZ, I agree some amazing, truly amazing things are going on with the market... The ADX has gotten up to the 45 level and then rolled over on the NDX cash index...... a rollover at 35 or higher is a normal signal to get out of a long trending position in a market ... but not this market. The Chandilier exit created by Charles Le Beau has not been giving sell signals in months.

counting backward from the outside reversal day on the NDX on March 21 2017 it looks like day 15 -19 counting backward from 3/21/17 had lows, below the outside reversal zone of 3/23/17... that would be 2/23, 2/24, 2/27, 2/28... all look like they had lows below 5330 which I believe was the low on 3/21/17 .

but your observation is still highly valid......as to the extreme nature of price action.



I may be misunderstanding what you are saying...... but I'm in total agreement with the gist of your thinking.

John

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