To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
i am just holding my breath that market can mount even a few consecutive hard down days. it is impossible that market will not hit day #33, today, of positive days of 10 moving average of Advance / Decline. that is incredibly long string. problem is that once the string is broken, it can be broken by as little as only one negative day of 10 ma – and than revert back to a string of positive days. this indicator is not a good predictor, but we are now in very extreme territory. But if today is as negative an AD day as present (1:15pm) than tomorrow would have to another fairly negative day with declines outnumbering advances by about 1200 issues for the ma to finally barely eke out a one day ma negative.
Were do you think were going on the S&P Tom?
Austin, my take is that we are going HARD DOWN in sp500, BUT the problem is the bulls may fight and resist a HARD DOWN momentum very strongly until the bitter end… so in other words it could mean another 5 days or slightly more of sideways before the real ‘meat’ of a down rally.