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To: John Pitera who wrote (5202)	5/23/2017 9:08:44 AM
From: robert b furman	Read Replies (1) \| Respond to of 8239

Hi John, If today is just a bit positive at the close (unlike the futures suggest) Clx studies have a 10 and 30 day tailwinds and the negative aydis (buy zone) will go positive today. 2cs yesterday was .86 x's 9.59 = 8.24 The 5 day cum reversed to a lower 56.61 down from the previous 2 days ; 05/18 - 55.64 05/19 - 57.87 New ATH's just around the corner! Bob

To: John Pitera who wrote (5202)	5/24/2017 7:54:29 AM
From: The Ox	1 Recommendation Recommended By John Pitera Respond to of 8239

Hi John, I haven't had the time to do justice to your inquiry... I'll get back to you soon! Took a look at the reversal watch list just now and saw TGI reached 20% a couple of days ago... All the best to everyone out there!! TO

To: John Pitera who wrote (5202)	5/30/2017 10:50:22 PM
From: The Ox	Read Replies (2) \| Respond to of 8239

so is that weekly chart of the NYA stocks above their 200 DMA..... showing us that the market has relieved some of the very overbought and stretched conditions we had at the early March Top in the DJIA, and the SPX top... which has not really been taken out,, although we did trade above the March 1 high a few days over the past 10? and now we are ready for another big bull advance. or is it showing a technically deteriorating over all market.... what do the fellow market participants on the thread think... and I'm especially interested in your thoughts. Beauty is in the eye of the beholder. I posted the weekly chart of the NYA stocks above their 200 DMA ( Message 31114925 ) for reference, as much as anything else. I think we're seeing both a technically deteriorating overall market, one that is being supported by fewer and fewer "outperformers"...and...we've seen enough steam let out for the new run to possibly have substantially stronger legs than many out there think. I think it's always important to expect that new highs tend to beget more new highs. While many are concerned about potential flash crashes and the like, most of the overall data doesn't suggest this is likely in the very short term. VXX is continuing to do it's normal dance and that is one of my main indicators (but not in a vacuum). Current VXX target is between $12.08 (25%) and 12.88 (20%) fwiw... (80 cents is roughly 5% +/- off the most recent pop to 16.10 -- the close on May 17th). VXX has been making moves that "generally" drop 20-25% before there's a short term rebound. At the moment, one of the few concerns I have for the long term bull market run continuing is the "New Austerity" that the Trump Budget implies. Hopefully, this will not be a worry to most market participants and it's only a blip on the radar (if that). I think it's important to keep an eye on indicators like the number of NYA stock above their 200DMA and other internal metrics. Similarly, I tend to check Les H's numbers a few times a week and look for potential changes in trends or extreme readings: Subject 25738 I see that he hasn't updated in over a week (let's hope this is temporary, as it's one of the gem resources on SI, IMO). Many charts like those in Semi Land look like they are nearing a blow off top. Bull runs tend to go way beyond where one "would expect" them to go, so another reason why it's almost always good to let your winners run (and if worried, move up your stop protection to lock in your gains or use options to limit - or cash in- on any unexpectedly large drops). I've been pretty busy and haven't had much time to post on SI the past couple of weeks. Hopefully, that will ease soon but not sure when?