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Den,
I am not depending on a TSS this time. TSS is normally short term but quite reliable. The last drop was it.
Now this time is more serious. This is s statistical signal. This one is equivalent to the Jan 19 signal. The market is climbing to statistical extreme, therefore the decline should be steep. The time frame is very close although you know statistical data is always +/- some variances. Consider filling a glass with beer to the rim. The bears are coming to zip it away....
2bit
Correction coming next week..
may be as early as Monday...
my time to walk the dog...
2bit
Thanks Jake,
There is an Arms warning issued by Terry
2bit
http://www.ttheoryfoundation.org/t-theory-calculations.html
Hey Jakemem,
Hsve you done any renko analysis say on ARM trin? Wonder if you any insight....the market needs a high ARM trin to kill the bulls...
2bit
Hey Addidas,
I am sure if you tell us your top calling algorithm, you won't be in trouble now...
2bit
YRT1,
All I am saying is I got a sell signal for OEX....
2bit
Expert,
OEX, NDX, OIH, XLF and MCO all give sell signal today...more down to come.......your signal may be very short term...but will see if it is a high close...I am waiting for the HOD to short again...
2bit
Bravo,
great minds think alike...unfortunately the last one is what price does not following...I got thrown off by the last one..else I would be trading like Deno...walking the dog while the market ka-ching for me...
let me know what other insights you find
2bit
$nymo
2bit
OIH, XLF, OEX retreat and MCO should turn negative again...
put on your shorts...it is summer...
2bit
YRT1,
congrats on your trade...this is a seller's zone...I will short it everyday until it is in abyss...
2bit
25 and a sell off?
I told you once you disclosed your indicator here it won't work anymore..I am sure Gleno has something to do with it...LOL
2bit
Expert,
I am forced back to day trading now...when you say signal at 20 and I looked at the CCI and shorted it and closed for the day.
2bit
Expert,
does it look to you that a high number should be sell instead? check the time frames....
2bit
Bravo Adidas...post more often..
2bit
Oh Mine, all these top callings have finally did it to him...LOL
2bit
Oil is down it has done its short term cycle, I doubt it...
2bit
Den,
more power to you if you are trading funds, I think you have a great sytem...I am trading option which is completely different ball game...the risk is high but the reward is high too...
good trading to you
2bit
Den,
What I mean virtual correction is when MCO has gone negative and back up positive without price action following. This is the first time it happens in 15 months.
Right now all convention indicators including MCO point to up. But, the most powerful indicator is price itself. There are statistical indicators that show historically if price advances at this pace then within a week, a steep correction will follow. Now if it does trick like up one down one up one down one and so on...it will continue indefinitely...but knowing the beast of the market, people will flock into it until the floor is pulled underneath....
2bit
Ya, I think he is a bear by nature...but I think he does have a point this time....my calculation is it is within a week...we just gone through a virtual correction....
2bit
All you bulls, read Evil rat tonight...
2bit
It is a Gleno indicator, once it's told, it would be killed...LOL
2bit
Even QQQQ is flashing TSS signal...don't know about GS though...
2bit
I have turtlesoupsell signals on all indices...
2bit
Hook,
What do you expect from a guy who claimed to have created the internet? and those who give out the Nobel Price is a bunch of Vikings...
2bit
Folks, (Deno)
This is what Terry is saying...
"The market had a good rebound on April 1 but it is coming from a declining bottoms pattern (red line in chart) in the Volume Oscillator plot and is not enough to end the Next T's Cash build up phase. This is generally negative for the near term.
Right now the S&P is pushing to the upper red envelope with the red color suggesting danger. It was requested that I color code the columned data in a consistent manner and that has been done.
I recommend a "lightening up" on holdings to supply cash for when the next small T or an oversold condition can be confirmed, probably over the next week maybe two.
2bit
This is an important blog to watch
2bit
http://usdebtclock.org/
Gleno,
This is the first time since I started my study on AD issues from Dec2008 that the market does not follow them to the teeth. There is so much divergence between price and AD issues that the price has to come down. I give it another week at the most. That is why I am shorting every rally. Have you either wonder why the market has been flatlining for the past week? That was becasue the AD issues put a cap on the market. But this is not to say that the negative divergence cannot be resolved with the absence of a dip. But this is strange and if that is the case, it will send me back to the drawing board for sure.
I have seen it many times that good employmnet report will turn the market around by EOD, for the market which is supposedly ahead will fear an interest rate hike and investors will flee.
I had a choice on Friday, whether to short OEX or NDX. Oil was creeping up for no reason, that was why OEX was out. RIMM was downgraded and Nasdaq looked weak. From then on, making the decision to short the NDX was easy. Come Monday, if I were to short I would still hammer on the NDX. Good economy would pump oil and OEX but fear of interest rate hikes would hammer the techs.
Making a buck is not easy, I am sure you realise that and job well done to you for calling all those QQQQ targets, unfortunately I don't trade the Qs. I need somthing that will give me 30% in 30 minutes.
Good trading to you
2bit
Deno,
I am skeptical about Terry, I only trade off my own indicators and nobody else...yes that is why I said "first" sell signal...if it gaps up Monday because of the job report...it is a God send oppotunity to short it....as far as I am concern it is still sell alert until it isn't...
I don't understand your thinking, if you trust in his May20 top call you should also trust his correction call, no offense, that is why I said you conveniently take the stuff that favours your argument, strange..
Futher, it would be hard to believe that the market will rally for another month and a half without even a pullback, it might but chances are slim
good luck
2bit
You have conveniently omitted Terry's call for an immediate correction first before the May 20 top...
2bit
Astral,
just long winding yadee yadaa..just tell me when to short and buy...and it has to win...no if nor but...LOL
2bit
Vous,
A bientôt et Joyeuses Pâques à tous
Deux bit
Hey You,
happy birthday you April fool birthday boy..
2bit
NM,
The official rule for April 1 fool's day is before noon...anything after that does not count...
2bit
yes, thanks Hook, Goldman the God...and I just feel like shorting any rally from here on...
good trading to you
2bit