Replies to post #410984 on *SCALPSWINGSTRADDLE* ($$$)

[THE_YAK]

Thanks for the detailed posts/charts, I am sure many appreciate the work.

Kudos to you.

[was Denny Crane]

Thanks 6979 for chart, traded that back when it was around 9 and 14 range. When housing begins comeback USG should do well imo US drywall no more chinese drywall at least for Fla.

[~6979~]

~S&P500~ Weekly Chart+EMA(s) Analysis...+ Notes:

Here I'd like to emphasize the power of EMA Crossovers...
The Biggest Bearish EMA Crossover is the 20EMA Crossing Below the 40EMA...
That's the Big one...We have a ways to before/if that crossover happens...
Another powerful Bearish EMA cross is the 3wkEMA Crossing below the 10wkEMA...

On the chart below, I have highlighted these technical events for closer examination...





And of course, Here's an Excel Chart made from the COT Data that was shared here over the weekend for an additional look...

I am trying to express certain patterns to help us gauge direction...We are reaching the point that traders are starting to realize that this could be a correction (opposed to just being a dip)...
One of the factors giving this downturn a bit of orderliness is the fact that Retail traders are still buying creating a sense of BID support...It's not just Retail traders, it's Institutional & big money Speculators as well...There is definitely some big capital going into "A Hope" that there is going to be Government Intervention of some sort...Even though this hope is semi-justified because the government has intervened many times in the last two/three years (almost every time the markets appear to be in trouble)...

Just because the market has a correction does not mean it's the End-of-the-World...

If you raised cash, covered some of your stock, bought defensive puts or did anything to protect yourself , then Kudos to you all...

This Bearish Broad-Market-Alert has been going on for several weeks now ~Right here on ScalpSwingStraddle$$$~...

You heard it here @ScalpSwingStraddle$$$~~~FIRST,
backed up with serious data & chart analysis...Also, it's with a high respect for both sides of the story...

This is not a one shot wonder-call my friends...This is just how I do my Due Diligence...and it's consistent...More-2-Come...