My Daily Technical Composite has 3 buy levels, +20, +26, and +32. We got up to +31 on the decline. Each of these buy signal levels has a corresponding level that I can expect to nullify the signal. This buy signal is good until the composite retreats back down to +4. In order to accomplish the stock market needs to keep rallying.
SPX 1087 and I’m on the sidelines. I’m following the SML, so that’s 345 on the small cap index. You could be right and the markets go to the envelope but I’m going to stick with the upper edge of the trend line. As you, I do not see an ABC here.
Paul, I assume you mean the 2010 Turn Dates section of the 2010 Forecast. 2010 Trading Turn Dates (at the close) 3/19 Bottom 4/2 Top Sell signal 4/12 Bottom 4/29 Top Look for decline to start after 4/15 by breaking support. I1 sell signal 6/8 Bottom This was a sell signal starting at 4/29 and lasting until 6/8. This forecast was prepared in February and used only the I1 with the rule set at that time. The rule set has been refined since then so that I participated in all of the turns in between. If this is not the section that you were referring to then please post again.
What sort of pullback do you see for minute 2 of C?
ReplyDeleteI am steadily going over your site to get your original material, why was there no forecast for the May area in the 2010?
Thanks
Peter
"The rally will continue until after the composite declines to +4."
ReplyDeleteI don't understand what you are measuring. I apologize in advance if it is onvious to everyone else, but could you explain the cahrt? Thanks
My Daily Technical Composite has 3 buy levels, +20, +26, and +32. We got up to +31 on the decline. Each of these buy signal levels has a corresponding level that I can expect to nullify the signal. This buy signal is good until the composite retreats back down to +4. In order to accomplish the stock market needs to keep rallying.
ReplyDeleteSteve
ReplyDeleteSPX 1087 and I’m on the sidelines. I’m following the SML, so that’s 345 on the small cap index. You could be right and the markets go to the envelope but I’m going to stick with the upper edge of the trend line. As you, I do not see an ABC here.
Jack C
Paul,
ReplyDeleteI assume you mean the 2010 Turn Dates section of the 2010 Forecast.
2010 Trading Turn Dates (at the close)
3/19 Bottom
4/2 Top Sell signal
4/12 Bottom
4/29 Top Look for decline to start after 4/15 by breaking support. I1 sell signal
6/8 Bottom
This was a sell signal starting at 4/29 and lasting until 6/8. This forecast was prepared in February and used only the I1 with the rule set at that time. The rule set has been refined since then so that I participated in all of the turns in between.
If this is not the section that you were referring to then please post again.