NYSE Bullish Percent Index - Bear Correction status
A few more status changes to highlight. The NYSE Bullish Percent Index reversed to a column of Xs and so changes to Bear Correction status and the NYSE Percentage of Stocks above their 200 Day Moving Averages P&F chart had a double top breakout below it's key 30% level still.
NYSE Bullish Percent Index
NYSE Percentage of Stocks above their 200 Day Moving Averages P&F chart
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(2015-10-06, 10:20 PM)pcabc Wrote: Interestingly now looks like it could match either early 2008, before the big drop or late 2011 where the bull market seemed to have a wobble and resume. At present major indices seem to be climbing back up to their 50 day simple moving averages. I'm just keen that the whole thing picks a direction and does it. Sooner it does that the sooner normal service resumes!
If only it were that easy eh! Like you said, there's a chance it's only a significant Stage 4 correction like in 2011, and the bull may reassert itself, or we could be seeing the start of the last sucker rally before another plunge into a more serious Stage 4 decline like Shaun has highlighted. So imo it continues to be a short term traders market with continued volatility likely, and so as an investor I'll be sitting on the sidelines until the medium term signs that I'm looking for start to appear. If Shauns right then that could be a long while yet.
In 2011 we did not have a zero crossing of the MI. Since its been positive for such a long time, the zero cross carries more significance now, and it has also occurred.
Thanks isa. How about the length of time that it has been positive? Do you give it any additional weight because it has been in positive territory for a long time, and now crossed? It sounds like you are looking for a more significant move below that line to indicate a stronger signal
(2015-10-08, 09:15 PM)gbarbs Wrote: Thanks isa. How about the length of time that it has been positive? Do you give it any additional weight because it has been in positive territory for a long time, and now crossed? It sounds like you are looking for a more significant move below that line to indicate a stronger signal
I don't think we have enough historical data to make a judgement on the amount of time it's been positive. But I think if it does get below and stay below the zero line then it would be another sign that the Stage 4 is more serious. But it's not there yet, as it's rebounded from it in the last week after consolidating around it for a while. So, is another reason why I'm fairly neutral at the moment, as we are at an inflection point
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
