Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?
The Buy and Sell signals are becoming a moot point during these High VIX-ion levels and we can NOT rely on them until the GAP-ing up and down of 2.0% or more STOPS!!
The Buy-Signal generated 25May was VERY nearly negated on the 26May but managed to CLOSE above the negate number, 44.14, by just pennies, BUT, said Buy-Signal did NOT get confirmed which is REQUIRED to happen the very next day, NOT!
We did get an additional Buy-Signal yesterday that generated a new negate number which has jumped up to 45.30! This is in keeping with the fact that we CLOSED above the R1(45.57) and now puts support at 45.30/45.57?? We also need confirmation of said Buy-Signal to give it ANY value of meaning and it MUST happen TODAY!
In addition, the Sell-Signal got negated yesterday with the CLOSE above 45.24 and we MUST submit to these latest develpoments in regard to our port activities, BUT, we feel compelled to DISCARD said system signals and play our GUT feelings instead, oh boy sigh........ playing da-GUT feelings play is probably gonna leave a MARK on on Port balances and we STILL Feel compelled to over-ride da-system, sigh...........
It probably goes without saying that the original breakout levels in March, 46.64, along with teh R2(46.68), will provide the next resistance of menaing and a clue to the strength of this bounce?
Date Open High Low Close
26-Feb 44.60 44.86 44.40 44.76
1-Mar 44.95 45.49 44.95 45.41
2-Mar 45.54 45.85 45.45 45.55
3-Mar 45.67 45.82 45.43 45.60
4-Mar 45.64 45.81 45.40 45.75
5-Mar 46.10 46.54 45.99 46.44
8-Mar 46.46 46.66 46.44 46.53
9-Mar 46.40 47.05 46.40 46.79 Breakout and Close above 46.64
10-Mar 46.80 47.28 46.80 47.17
11-Mar 47.07 47.35 46.98 47.35
12-Mar 47.50 47.53 47.10 47.36
In summary, da-Boyz have REALLY done it dis-TIME as they even have US second guessing our system signals and we DO NOT LIKE IT!!
Boyz, we appologize for the CAPE pulling episode and promise to NOT SPIT into the WIND anytime SOON so could yo uplease go a bit easier on us for the remainder of the OE period, or NOT, LOL!
Buy-Signals:
The Buy-Signal from 05Feb, and the five buy-signals that followed, did NOT get negated until 27Apr! Since then we've had three Buy-Signals and ALL three have been negated!
No, Date, Negate #
1) 05Feb, 42.44
2) 11Feb, 43.12
3) 12Feb, 43.21
4) 25Feb, 44.04
5) 22Mar, 47.32
6) 22Apr, 49.68 (Negated 27Apr)
7) 29Apr, 49.60 (Negated 30Apr)
8) 06May, 45.99 (Negated 07May)
9) 12May, 48.01 (Negated 13May)
10)21May, 44.24 (confirmed 24May)
11)25May, 44.14 Not Confrimed
12)27May, 45.30
Sell-Signals:
Every Signal was confirmed and Price NEVER closed below the negate Number, UNTIL, 13Apr, since then EVERY Sell-Signal has been confirmed and NOT negated(except the one on 07May when we got that massive short squeeze), WOW!
NO, Date, Negate #
1) 11Mar, 48.30
2) 12Mar, 48.31
3) 16Mar, 48.50
4) 18Mar, 48.79
5) 22Mar, 48.88
6) 23Mar, 49.22
7) 25Mar, 48.91
8) 29Mar, 49.19 (Negated 13Apr with a close above!)
9) 14Apr, 50.91 (confirmed with an additional Sell-Signal 15Apr)
10)15Apr, 51.13 (confirmed on 16Apr)
11)27Apr, 50.34 (confirmed on 28Apr)
12)30Apr, 50.22 (confirmed on 03May)
13)04May, 49.40 (confirmed 05May)
14)07May, 46.32 (Negated 10May)
15)13May, 48.81 (confirmed 14May)
16)18May, 47.36 (confirmed 19May)
17)20May, 45.24 (confirmed 21May, negated 27May)
Last but defintely NOT Least is the OEPM S/R lines of meaning!
53.35 20.00% R8
52.24 17.50% R7
51.13 15.00% R6
50.02 12.50% R5 (Serious resistance as of 30Apr)
48.91 10.00% R4 (violated 04May, look to the R3 for guidance now)
47.79 7.50% R3 (violated 14May, hasn't been seen since)
46.68 5.00% R2 (violated 18May on a close-ing basis and back-tested 19May)
45.57 2.50% R1 (violated 20May and NOW Serious resistance)
44.46 0.00% YTD OE Pivot (Once thought to be the FINAL Discount wave target, close at 44.35 on 20May and another violation will Open the FLOOD gates to start vilating the Support levels!!??)
43.35 -2.50% S1
42.24 -5.00% S2
41.13 -7.50% S3
40.01 -10.00% S4
38.90 -12.50% S5
37.79 -15.00% S6
36.68 -17.50% S7
35.57 -20.00% S8
AI
Market Data 
Markets 
