Basically, these spreadsheet based charts seem to be saying that we are now at another 'top'....This contradicts the daily MACD indicator and the put/call ratios, which looks so much like a warning of the beginning of a new up trend. The day is still young, but as of 10:50… Continue
Added by Mark Lytle on June 3, 2010 at 12:48pm —
These are the most extreme bullish readings I've ever seen on this indicator!
Use the coming rally to position yourself for the next big downleg...
Added by Mark Lytle on May 21, 2010 at 12:42am —
Added by Mark Lytle on May 15, 2010 at 12:37am —
These look like they could drop a little further to find support..then there should be a rally (extent of rally unknown).
and the $NDX...which looks at support, although the custom is to go slightly below it and then rebound...
and the big picture on the $SPX, correcting for normal time distortions..graph was generated last… Continue
Added by Mark Lytle on May 8, 2010 at 10:30pm —
Added by Mark Lytle on April 2, 2010 at 10:00am —
Do you see this long term trendline, sloping downward, and magenta colored in this next chart?
Now do you see the upward curving trendline in this next chart that provides current resistance? These shorter range exponential trendlines were generated by the 10/2007-3/2009 decline....
These two trendlines are crossing. This is what it looks like with this morning's high and… Continue
Added by Mark Lytle on March 26, 2010 at 11:30am —
A while back, I published this chart before we had a breakout of the
symmetrical triangle. I was expecting the triangle to break out to the
upside, as I presumed that Britain was in more trouble than the U.S.
This chart almost suggests the opposite...
Then today I found this:
U.S. is riskier than the Euro Zone: so says CDS market… Continue
Added by Mark Lytle on March 24, 2010 at 10:00pm —
Bears, keep your powder dry, don't pull the trigger on too many short
positions until price action ducks unequivocally back below these resistance
lines that define the tops....Likewise that is the moment for the Bulls to sell....
The December 28th, double nodes took 13 trading
days to resolve into a top on 1/15/10, the 3/11/10 nodes could take almost as long,
so patience is required...…
Added by Mark Lytle on March 23, 2010 at 11:30pm —
Note the vertical red lines where the two exponential nodes presaged declines in the Nasdaq 100 McClellan Oscillator (symbol: $NAMO). This wasn't planned, but the nodes line up well with two recent peaks in this indicator.
Note that the MACD crossover of the 'zero line' of the McClellan
Oscillator (at the top of the chart) often corresponded with peaks in the $NDX. I have highlighted some of these events with… Continue
Added by Mark Lytle on March 21, 2010 at 7:00pm —
Added by Mark Lytle on March 17, 2010 at 10:18am —
Added by Mark Lytle on March 15, 2010 at 9:30pm —
I do comparisons of node strike dates on waves as they are forming, and
using the data from the
November and March lows, you can run exponential nodes from different wave series and see what
dates are in common.
Two different wave counts for the rally in the $NDX gives you these dates :
You can see the dates and extremes for the wave endpoints on the right in these spreadsheets....
For the… Continue
Added by Mark Lytle on March 15, 2010 at 11:00am —
You can just smell a whiff of deflation coming.....
The link below has a… Continue
Added by Mark Lytle on March 12, 2010 at 8:30pm —
Weekly put/call, equities...2 and 4 week averages, with the $SPX superimposed......
Next, the $NDX Microtrendline chart, hitting the ceiling.......
Finally, IWM, an ETF proxy for the Russell 2000...
Notice in this chart, that the price action has exceeded the weekly Bollinger Bands...
This is not that common… Continue
Added by Mark Lytle on March 12, 2010 at 7:43pm —
Added by Mark Lytle on March 9, 2010 at 3:24pm —
The double $NDX node falls on the 11th of March, the two nodes shown on
this chart are 3/9/09 for the red 1.00 node line, and 3/23/10 for the
blue 1.00 node line. Obviously the $NDX double node fits (timeewise) between the
red and blue lines on this chart....
Added by Mark Lytle on March 8, 2010 at 12:30am —
Added by Mark Lytle on March 6, 2010 at 11:38pm —
This doesn't mean a trend change on this date, but like the December 28th warning which materilized after two weeks, this may do something similar...it could, however, also be early...it's random...
Added by Mark Lytle on March 5, 2010 at 3:00pm —
Added by Mark Lytle on March 5, 2010 at 10:30am —
Added by Mark Lytle on March 2, 2010 at 4:09pm —