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


To: Chip McVickar who wrote (114457)11/22/2018 9:51:50 PM
From: GROUND ZERO™1 Recommendation

Recommended By
toccodolce

  Read Replies (2) | Respond to of 220070
 
I see the pitchfork and have been watching it closely, we can definitely bounce off that middle tine...

It looks more like a typical HS topping pattern but that doesn't automatically mean a top, just that the HS pattern has formed and should be monitored closely...

The Coppock Curve is not a leading indicator but it does offer good supporting data since it's behavior can be highly correlated to impending market action...

Most definitely, I have many more near term indicators, the Coppock Curve is the last thing I use and only as a backup...

I posted that reference because that indicator also is showing signs that have not appeared in a very long time, it's worth noting...

Here are a few more interesting charts which I consider noteworthy, also longer term...

Message 31895450

Also, by the way, a full moon tonight which has typically been negative for the SP and positive for gold...

GZ



To: Chip McVickar who wrote (114457)11/22/2018 10:08:44 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 220070
 
I forgot to mention, what would turn me bullish with good authority and confidence is the weekly NYSE Put/Call ratio... that has been in the sell zone for a long time now, but if we move into the buy zone, then I have no problem being aggressively long once again...

The market will tell me...

GZ