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Re: rimshot post# 158

Friday, 04/22/2011 12:47:22 AM

Friday, April 22, 2011 12:47:22 AM

Post# of 759
SPX price, NYSE internals and McClellan breadth tool (NYSI) chart updates to compliment those charts in post #158 -

this is my comment about this chart set I posted on December 17, 2010,
at another IHub board before this board was initiated -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57873690

* the first two charts provide a solid perspective for the 2009 to 2011 relevance of the NYSI:

880 and 350 horizontal levels



* an institutional services organization called Ned Davis Research (NDR) provides
some research detail about the actionability of the 40 and 55
horizontal levels I have selected to show in the lower portion
of this second chart which displays SPX internals



this third chart is:

* I have used this "relative TICK chart" - 1min TICK closes to the 1min SPX closes ratio - for a few years
and have shared it at the Main Board at www.technicalwatch.com a few times over the years with some explanation about
how "TICK fulfillment" works with the price action

it will be apparent to you how this chart
progresses in the future to provide signals which can be reliable

it does require some depth of experience in using this data for actionability to actual trading

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