I have seen, NDX have been closer to MID caps than to SEMIs since last few months. MID cap are tanking hard. Any way this is my observation and can be wrong.

Dec Issues / Adv Issues now at 2.0. Some thing oughta give. Either index or this ratio.

Something unique I found about today which has never happened in past 20 years on closing basis.

Dec Issues/Adv Issues > 1.7 with Adv Vol/Dec Vol > 1.1

few minutes ago it was Dec Issues/Adv Issues was about 1.5 and Adv Vol / Dec Vol > 1.5 (This happened only two times since 1985 on market close)

Any opinions on this ?

NAMO has dropped to 15 from 35. The Adv/Dec Iss ratio is .5 approx. Either market has to drop, or Adv/Dec ratio has to improve. In later case market will fly.

I paid price of straying away from tarm. At lease I am aligned today. tarm is at OB short.

Yep, NAMO is at 29. tarm is also at OB stop. I am staying short, but I am afraid of follow up tomorrow.

I am leaning to move to Long and align myself with tarm which is long. Any decision out there ?

It seems, we will be at same point as we were yesterday. It will be again very difficult to make decission. Adv Iss > Dec Iss. Namo is at 25 down 2 from yesterday's 27, so no direction there.

It is 46 times not 11 times (excluding today's if any). So that was not a very good parameter of my yesterday's decision.

yep

All dips are being bought. But I am going to hang on to the shorts till EOD. I know market will go down after I have covered my shorts.

steveftw, refer to http://www.investorshub.com/boards/read_msg.asp?message_id=3699004

Only 11 times (since 1985) NDX has closed green on seven or more consequtive days, today was the 6th day. Last one was in June this year. Morever daily chart is still in OB. These were my manual override over tarm. Let's see how it works out.

Same here. I am staying short, even though tarm switched to long. I promised myself, that I will not go against tarm, but here is one broken promise, but this last minute spike helped me make up mind.

I want to stay short, but I do not want to go against tarm. Hoping that next 20 - 35 minutes will resolve the situation. I believe that even if market goes up tomorrow, next two days will bring us back here. Well I have always failed whenever I have tried to predict market like this.

Very tricky situation now. 30 and 60 min charts are no longer OB, daily chart is still OB. tarm also switched to long. So either I will go long or to cash, leaning towards long. Any decisions out there yet ?

Warp here is one chart (I am looking at it after a long time). It does show that it is not unreasonable to be short term short here.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NAHL,uu[r,a]dalayyay[df][pc9!c...

NAMO at 28 (down 10 points), NDX up .4%. Either NDX have to come down or NAMO has to go up. My money is on index down.

Thanks

Steve, are still net short ? I am 200% short as tarm is at short.

Staying short.

This drop is nice, but now I have to think about what to do with my short, stay put or go to cash. Any decisions out there. tarm is at short, so I may stay short.

Warp, My NAMO reading is now at 50 (jumped from 32 of Fri close). So your OB-OS+NAMO may be giving decent short setup ? Will you firing RIAM some time soon.

BTW congratulations on staying on long side.

I was hoping for a one day pull back or of jello. Also since tarm generated short instead of stop or staying long, i believe the overbought was deep enough for a short on day 1. tarm does wait for one day on certain scenarios before acting on OB/OS.

If todays close is green then your "general rule" ( overbought by 2 days) will come in play. Let's see.

Thanks for pointing it out. I will see if I can change tarm's wait for OB to be more deeper before standing up against trend on day 1.

Gizmo, how does your NDX/VXO chart look like today ?

<<< missing out on a big move is no fun. being on the opposite side really bites the big one >>>

I know how it hurts. I was on opposite side on last week when NDX dumped 2.2% and I was long.

"tarm" did catched that, but due to programming error I missed the short signal.

Yestarday "tarm" was on border line of long and cash. today "tarm" popped a "short" signal.

Thanks Paulj. Anybody else on short side ?

Going 200% short at close.

Seeing this jello for last couple of hours, I am leaning towards staying cash. Do not want to go long (afraid of retrace on Monday). Daily charts do not point to OB yet, so no point in shorting.

Warp, NAMO is at 32.7. I doubt it will reach 45 today. Adv/Dec has to be 5/1 today (e.g 2500 Adv and 500 dec) to reach there.

Steve, I am not long, I am in cash. As always I am sitting out of market on a big move and still reeling under -4.5% YTD.

Steve, do not worry, you will make up losses in no time. More over your "overdue" wrong decision is out of the way now (as you mentioned yesterday).

Thanks M & M3.

tarm switched to short. Even though tarm works only EOD, I am tempted to short at morning Rydex fund close time, but the strength of the rally is scaring me. Any opinions ?

That completes the "single company single issue specific news market movement and retrace", though a bit late.

tarm again switched to "Cash" just before close. Any way if it is such a borderline case between "Long" and "Cash", I prefer to stay cash, and there I am.

Damn, tarm flipped again to "Long". I guess, it is sitting at some boundryline stop case. Well, I my orders for cash is in, can't change that.

tarm just flipped to "Stop", so I am getting out to cash.

Will be staying long at close.

I believe DOW will recover most of the hit by close. My experience says that market movement on a single company single issue specific news is usually negated by the broader market except for that specific company. IMHO.