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To: Return to Sender who wrote (3259)3/30/2014 8:44:54 PM
From: The Ox  Read Replies (2) | Respond to of 8288
 
Thank you for sharing these RtS. Before I saw this post, I was reviewing the charts in the header. Somewhat ironically, I was going to look for a few of your posts that contain many of the charts you just posted. While I was pleased to see them, I was slightly disappointed not to see more commentary from you! Is there a chart, ratio or combination of 3 or 4 of them which you are watching that suggest there's more just below the surface (bull, bear or undecided, so to speak)?

For the short term, the Nasdaq looks very weak, as does the HUI/gold, XLY/cyclicals, $TRAN/Transports, and XLB/materials. None of these, with the exception of gold looks to be in a situation where one would say it's truly negative. The rest simply look like slight corrections within the trend. Even gold is showing that it COULD be more in a rebounding/basing mode and that the last few days of decline are simply a pause from a sharp pop.

I hesitate to expect higher highs in the SPY, DIA and QQQ going forward but I see little to suggest that this won't happen. Most of my hesitation is not based in what I'm seeing in the different sector's performances. It's foundation is more that the charts look "too good". That they need (or should) rest.

I'm curious how you interpret this latest post? So far there doesn't look like there's any "ah ha" data contained in the charts that I see. Maybe your view or interpretation would point at something that I'm not seeing or not taking into consideration?

TIA



To: Return to Sender who wrote (3259)3/30/2014 8:52:16 PM
From: The Ox  Respond to of 8288
 
I saw this post the other day and was going to put a link to it here as soon as I finished reading it. Finally getting around to posting the link.

It's a strong data point, to say the least.

Message 29459585