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Pastimes : clx stuff
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To: Hawkman@ga who wrote (3379)11/11/2025 12:03:54 PM
From: robert b furman1 Recommendation

Recommended By
toccodolce

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Hi Hawk,

Always like to have your view.

That top on 10/09 featured a 10 day CLX of +2.6 and a rather lofty 10 day PPP of +3.7.

The next day the trap door fell open with a very unusual high daily -20 and a somewhat high negative daily PPP of -6.

That -20 CLX does not drop off the 30 day CLX until 9 more days. The 10 day CLX is about to have a LOT of negative drop offs after today.

Tomorrow is WWW, so the negative 10 day offsets can help us into expiration on the 31st. That's an optimistic view and contrary to the spread between 10 day CLX and 10 day PPP which Joanne watched closely.

Going back to 9/26 the spread went negative for 20 days (A wave?) then positive for only 9 days (B wave?). It has since resumed going negative for the last 3 days (which isn't surprising since WWW is tomorrow.)

The 10 day CLX - PPP is getting more negative (for the last three days) - the last string of negative numbers was 20 days.

2 C-P is not in the reversal zone -3 to -3.5 but close at yesterday's 42.1.

After today the 10 day offsets are mostly negative with a -37 points (daily average of 3.7 which a good market can overcome) over the 10 days that should help create a more positive clx, but that darn -20 does not drop off until the 24th (the Monday after expiration).

As the spread has gone negative the climate has been RED for 9 days which is a warning sign. and
Sentiment is fearful and 2 C-p is close to a reversal (mid to low 30's).

Although the Dow is up today, yesterday's SPX drop did not get to the midpoint of Breezes SPX chart. His 4 wave is still in a C-wave with a projection of 6574 to 6550. today SPXEW is exceeding SPX. So some rolling breadth into non momo stocks (a positive continuation event) Add to that it is an expanded flat where the STRONG B wave exceeded the top of the A WAVE = which can call for the low of the C to dip below the low of the A at 6550ish Wave 5 or lower.

I can't help but think this is going to take more time to complete. There are a lot of mixed signals that just have not gotten ugly enough. Wave 4's are not to be trusted and can take a long time to unfold.

I'd feel a lot better if we could get a 10 day spread of CLX-PPP into the minus 3's and some bottom spotter action with a VIX spike.

I will be trimming some shares if we get over the top line on Breeze's SPX chart with a wave 5 and Hawk's 7800 price target.
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