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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90049)	2/26/2017 8:19:51 AM
From: Mevis	Read Replies (3) \| Respond to of 222226

I think a bump into the 2370's to maybe 2380 is in store.....do think its gonna be hard to go stealth higher from there as the nasi and cpc averages are in areas where flips occur. Think by wednesday/thursday we'll trend back lower from there. I will be flat may vix futures just after tonights open on any SP strength.

To: GROUND ZERO™ who wrote (90049)	2/27/2017 12:52:51 AM
From: Underexposed	Read Replies (2) \| Respond to of 222226

I am not sure what security you refer to. I think there is a graphic in your post but it wasn't visible to me. I know there is a lot of discussion about a reversal of the S&P 500. Frankly I do not see a major correction ...yet. here is my chart on the S&P 500 Ok.... in my chart there are a couple of instances of very small declines in the S&P 500. They are in the circles to the right. you see in both of them... first the decline of the Slow Sto followed by the the decline of the MACD...THEN the sudden rise of the BBWidth.... That is a bear signal though in both cases it was almost a head fake as the index recovered soon after... the BBwidth in each had a hiccup then continued to rise after the other two indices reversed themselves and had strong positive slopes during the BBwidth hiccup. now look at the current state of the S&P 500 and the indices below. Only the MACD shows any sign of reversing direction... the Slow Sto is strong, flatlined and well above 80... normal convention would say the Slow SSto is "over bought"... I believe this assessment to be nonsense... what it is showing is BULLISHNESS instead. Look at the indicator from November to today's date.... it has constantly been at or above 80 with few exceptions for about 3.5 months!!! If you took action based on this index being over bought, you would have missed out on a ton of gains. Now look at the security values in the main chart. After basically tracking the upper Bollie is has now gone inside the envelope... But it is not plummeting as could happen... it is going sideways... the security is in consolidation mode. During this stage, unless the indicators below look like those I previously described, the values will continue to move sideways and could even resume its bullish rise. An example of an end-of-run is shown by the dashed red line.... this does not mean the run is necessarily bearish but you see the three indices have rounded and started a decline... but note that the Slow Sto did not decline very far.... so there we were in a postive consolidation mode When in consolidation mode you will note that the share value gravitates toward the 20day SMA... it can oscillate above and below the 20 day SMA and that would be good... staying above the average is even better It will continue to do so until the Bollies get really tight which will take a week or two to do from what I see. As they get tighter you look at the performance of the indicators below.... the Slow Sto and MACD should fall as the BBwidth falls... if the Slow Sto falls just a little that portends good stuff. If the Slow Sto and MACD start to turn positive again... and the BBwidth suddenly rises... yahoo!!! the breakout will be positive. If the Slow Sto and MACD continue negative ... and the BBwidth suddenly rises... OH OH!!! the breakout will be negative... especially if the decline of the Slow Sto accelerates. But as I said... I would estimate that will take 5 - 15 business days before we know for sure. the worst that can happen now is a drift to the 20daySMA as I see it. All the real action usually happens on an expanding bollie. Ground Zero: if you were referring to another security... let me know what it is and I will look at it is you wish.