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Strategies & Market Trends : Group Theories -- Ignore unavailable to you. Want to Upgrade?


To: macavity who wrote (781)10/28/2003 1:34:24 PM
From: macavity  Respond to of 1017
 
Intraday.

Well,
ES=1035 remains unbroken but NQ=1385 has been whacked out.
FOMC to come, which is why we are doing nothing.

NQ has been hitting highs, unconfirmed by ES.
Stopped out of my NQ position, will initiate again if NQ < 1385.

ST2_TRENDOSCILLATORS (i.e. 1-3 day swings) are now at extreme (overbought) levels across a range of asset groups.
If we changed tack from the past 1-2 days (Friday Monday and mow), it should be some swing back.
I have no idea what the market will do.
Oscillators and stuff say up but if ST2_Charts turn down we may well retest Friday's lows.

None - bored out of my small mind!

-macavity



To: macavity who wrote (781)10/31/2003 6:03:35 AM
From: macavity  Read Replies (1) | Respond to of 1017
 
ST Outlook: US Market Indices.

Have not posted over past days.
ST Signals was BULL.

ST Outlook: BULL/#NA from BULL/BULL
BULLISH while above ST_PVTLOWS



MO PVT PVTHIGH PVTLOW
$SPX BULL #N/A 1052.82 1043.82
$OEX BULL BEAR 520.99 516.37
$COMP BULL #N/A 1957.53 1929.77
$NDX BULL #N/A 1437.76 1413.57
$INDU BULL BULL 9838.76 9754.01


ST1_MO remains positive.
ST1_TRENDOSCILLATORS are not yet at o/bt and there is still 'wiggle room' to go higher.

Intraday:
Pattern is inconclusive(to me anyway).
'HOURLY stochs are trending down, but the overall pattern in 'HOURLY charts is a broadening one.
The Nazzdogs did appear to turn their 'HOURLY - ST2 - PIVOTCHARTS down, but I do not see the same in the Spoos.
This makes it hard for me to read.
We jump up and then reverse down, but no follow through.

So ST bullish while $SPX > 1043.

-macavity