Alert was made by Nasdaq MCO smallchg at Close today, so there is a tendency for MajorMoves on Thursday or Friday. (Unless there is another MCO smallchg move on Thursday.) This signal does not give direction with it.
The success rate of these signals YTD 2008 is perfect.
Note: There is ample room in the MCO areas for both Nasdaq and NYSE for direction to be Up or Dn.
McClellan Oscillator and Summation Charts by Chichi2**
YESTERDAY BRAVO->positive Major Moves for: General Indices__INDU,SPX,OEX,XII,WLSH,NDA Key Sectors__BKX,SOX,OIX,OSX, HUI,XAU,GDX,GOLD, XLI,XLB,XLE,XLU,XLF TODAY Boohoo->negative Major Moves for: General Indices__INDU,SPX,OEX,MID,XII,WLSH,NDA Key Sectors__BKX,SOX,OIX,OSX,XAU,GOLD XLI,XLE,XLP,XLU Most of today's Negative action was near close, after Greenspan spealed all over Bartiromo. Seemed to me, the markets wanted to roll over, Greenspan "sentenced" the then positive market to negative in 30 minutes, his gabbing about possible futures provided the catalyst. After he left she came too with her partner, not even realizing they had collapsed the markets, all 9 sectors.
Crude Oil recovered a little today from yesterday's touch below $121.
However with all those negative Major Moves today, we had another Alert>>> Again, Alert was made by Nasdaq MCO smallchg at Close today, so there is a tendency for MajorMoves on Friday or Monday. (Unless there is another MCO smallchg move on Friday.) This signal does not give direction with it.
The success rate of these signals YTD 2008 is perfect.
Note: There is ample room in the MCO areas for both Nasdaq and NYSE for direction to be Up or Dn. However with the close today, it would lean toward Down. But who knows if the Trend at close will follow thru if there are economic surprise tomorrow.
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