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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (135956)	10/9/2017 8:45:11 PM
From: abuelita	Respond to of 218037

what a thrill that must have been for you. i bet it took every ounce of restraint to not shout out to people around you while pointing at the bus ..... "hey, that's MY daughter!!! that's my little coconut!!" btw, I'm honoured to be auntie :)

To: TobagoJack who wrote (135956)	10/9/2017 10:36:23 PM
From: John Pitera	Read Replies (1) \| Respond to of 218037

Hi TJ, have you noticed how most of the records this past year... such as the number of days the SPX has traded in a row and not had a 1% move in either direction; we were up over 120 or 130 days at one point I believe, The majority of those prior occasions occurred in the midst of sustained Bull Markets, whether from the mid 60's bull markets.. the bullish years of 1985-86, and years in the mid 1990's. Recently, cnbc was commenting about the 8 up days in a row in the SPX and wondering if there would be a 9th consecutive day... They stated you had to be go back to 1997 to find a similar bullish time period.... Now that was a very historic bull Market, however we did have sharp October sell offs in 1997 and 1998. My adviser Bombastic Buskin... has noted to me in an email today the following ...... NOT A GOOD CHART. STO READY TO TURN DOWN OVERBOUGHT RSI AND NOT CERTAIN IF THIS CAN BE CALLED A NEGATIVE OUTSIDE DAY SINCE HIGHER HIGH TWO DAYS AGO. STREET IS EXPECTING A NORTH KOREA LAUNCH *TOMORROW WITH A WARHEAD ATTACHED.I believe Art Cashin of UBS may have been discussing this possibility today. The NDX chart he sent: My NDX chart is a little more benign.... The NDX weekly chart is showing Momentum divergences from the Peak Momentum on the RSI on June 9 2017. also on a weekly basis the last few weekly highs have been on weaker momentum, the Money Flow index has weakened as has the Chaikin Money Flow index. And it can be argued that the chart pattern of the weekly NDX is a bearish rising wedge. Rising wedges are susceptible to short sharp declines back towards the base of the formation. Which in this case at 5880, is the area of the 200 day moving average, the 39 week MA. The 50 week MA would be an area to look for support if there is an overshoot. THE VERY IMPORTANT NASDAQ 100 WEEKLY CHART* The Very Important NDX weekly Chart The 3 year chart of the EUR/USD shows that the resistance area of 1.16 in 2015 and 2016 has now turned into support. Here is the daily EUR/USD chart.... John