SPDR S&P 500 (SPY)

[learningboutinv]

Gleno, it'd be great if Nasdaq would drop one more day and have another trinq greater than 2. Scamman use to talk greatly about the double deuce being quite rare. Meaning greater than 2 back to back Trin or Trinq readings which means a strong bounce is coming in a few days.

Anyhow, here's some stats. We recently have had 7 straight down days on the $NDX.

Look at the past 7 days and the big strong red sell volumes.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&b=5&g=0&id=p64198467613

It'd be nice to get a flush out and a re-test of March lows at ~1670 followed by a nice bounce during the next Brad turn date which is after the FOMC meeting 9/16 and after OE 9/19.

Old article from this past January 08.

"Crazy eight
Commentary: Eight losing sessions in a row usually followed by gains"

http://tinyurl.com/6r224o