Replies to post #11959 on Market Sense and Sentiment (MKTSS)

[bbgold]

Morning Bernard,
Looks as though your testing signal is working. It looks as though the HOD at EOD and at Resistance might have been our Put signal on Friday. We are back to the market divergence with some of the Indexes above their 320SMA and some below. Looks as though the rally on Friday might have been nothing more that a Bear market rally boosted by options expiration, maybe. Not sure where the Support might come in here. I might take a look at some Fib numbers and see if they come into play again today.
Good Luck Bernard! :^)
http://www.indexpulse.com/5min.html

[was Steve]

Here is what IHUB told me. i had to unignore some folks so that i could see yours. so until i ignore someone that starts with 16, i can see you.
steve

I keep forgetting to fix that bug!

For now, until I get the bug fixed, you need to unignore anyone in whose
account number you'll find the person you're not wanting to ignore. For
example, if you've got account 16548 filtered, this bug means that the
system will also filter the following accounts:

1
6
5
4
8
16
65
54
48
165
654
... etc.

[Bernard Ng]

IndexPulse TrendWatch for Tuesday

Overall Market:
Long Term: Short
Medium Term: Short
Short Term: Long

Time Frame and Trading Signals: as stated in iBox

Futures are red. FTSE sinks a lot, trading a bit above the low now. TNX gapped down and trading at LOD with an LOD signal, everything looks pretty bearish. What I'm looking for is a gap and snap scenario, I think we should at least be flat for the indexes till noon. If Iraq would agree to destroy the missles, we will have a snap back right away, as I don't see UN will pass the resoultion of US and UK. Remember, I'm Long short term because I'm actively looking for a gap and snap scenario. INDU's absolute top has been revised down to 8150, continues to be bearish on a daily basis, actively looking for shorts in every little rally.

Existing Home Sales and Consumer Confidence will come out during at 10:00am, they might be the catalyst to turn this market from red, even though the number might not have any meaning.

INDU's 5 day MACD support at -40, resistance at +80. We nailed the 7850 at -40, the fall of this morning is unexpected, but I still expect that we should do a crossover from here after the initial sell off.

INDU should have a trading range between 7750 and 7950.
NDX should have a trading range between 970 and 1005.
SPX should have a trading range between 820 and 840.
JMHO