Replies to post #10108 on Profunds index and sector trading (PRO)

[ponkap]

>>indeed some weird<<

I went to cash 3/31 on the Fibo #5 days off the 3/24 bottom. Three days too early, since the run went Fibo #8 days.

Yesterday, at Fibo #5 days since the 4/5 high, I was ready to get back in. I use the SPX as trigger, and at 3:52 it was within a point of my target before edging back up.

So now I'm looking at Fibo #8 days on Friday, adjust my target a tad lower, and at 3:10 SPX is within four points before the ramp.

Weird indeed. It's as if the market is trying to tell me something.

Tomorrow I may find out what it was trying to tell me is that because I held to my targets, the boat has left without me. (gg)

[Namiar]

There was a time a few months ago I was discussing a "divergence" in the the markets, specifically my internals based OB-OS indicator vs. the short-term RSI of the NDX. The internals were weak but the price action was strong.

I was postulating that the action was bullish. A selloff sunsequently ensued a few days later.

I was trying to find that post, but I am unable to do searches.