Buy-Signals, Sell-Signals and da-Boyz, Oh My, LOL!?
We got a New Sell-Signal on 23Aug that generated a new negate number of 45.37 and that's in keeping with the S1(45.57) as serious resistance going forward!
The Sell-Signal issued 23Aug has been confirmed with Tuesday's price action and close!
ALL eyes should be on the YTD Pivot target of 44.46 as we've now violated said level on a CLOSE-ing basis and that's NEVER been a GOOD thing!?
The S&P500 is operating below it's YTD Pivot(1102.47), as well and has already violated it's S1(1074.91), and today may violate the S2(1047.35), on a CLOSE-ing basis, OUCH!?
1212.72 10.00%
1185.16 7.50%
1157.59 5.00%
1130.03 2.50%
1102.47 0.00% OE Pivot
1074.91 -2.50% S1
1047.35 -5.00% S2
1019.78 -7.50% S3
992.22 -10.00% S4
In summary, we think da-Boyz are werk-ing OVER-Time to Get Longs OUT and SHORTS pile-ing IN and we probably have to re-TEST the Lows into Labor Day before the Launch Sequence is initiated, oh boy, sigh.....
Re-vised 4cast says, NOT EXACT-Lee the ST Bottom, well, YET!?
Date Open High Low Close
20-Aug 44.79 45.03 44.54 44.92
23-Aug 45.25 45.34 44.46 44.48
24-Aug 44.01 44.12 43.47 43.65
4cast
25-Aug 43.59 43.72 42.72 42.81
Buy-Signals:
Under a Full Scale Attack from the Sell-Signals!?
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 Negated)
13)02Jun, 45.67 negated 04Jun
14)10Jun, 44.51 (confirmed 11Jun)
15)11Jun, 44.93 (confirmed 14Jun)
16)15Jun, 46.13 negated 23Jun
17)07Jul, 43.96 (confirmed 08Jul)
18)09Jul, 44.06 (confirmed 12Jul)
19)20Jul, 44.69 negated 21Jul
20)23Jul, 45.48 (confirmed 26Jul)
21)06Aug, 46.18 negated 11Aug
Sell-Signals:
Sell-Signals have definitely dominated the scene since 11Mar, and the trend since early May continues in Full_Court_Jester_Mode!
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)
18)01Jun, 46.14 (negated 02Jun)
19)04Jun, 45.99
20)07Jun, 45.16 (confirmed 08Jun)
21)09Jun, 44.70 (negated 10Jun)
22)21Jun, 47.53 (confirmed 22Jun)
23)22Jun, 47.16 (confirmed 23Jun)
24)24Jun, 46.26 (confirmed 25Jun)
25)29Jun, 44.24 (confirmed 30Jun)
26)30Jun, 43.56 (confirmed 01Jul)
27)06Jul, 43.45 negated 07Jul
28)16Jul, 45.23 (confirmed 20Jul)
29)21Jul, 44.72 negated 22Jul
30)23Aug, 45.37 (confirmed 24Aug)
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
48.91 10.00% R4
47.79 7.50% R3
46.68 5.00% R2
45.57 2.50% R1
44.46 0.00% YTD OE Pivot (The Launch Sequence MUST breach dis-Puppy before we get excited about a Year-End Rally)
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
