Replies to post #13609 on Market Sense and Sentiment (MKTSS)

[bbgold]

An interesting chart from Footquarters
Makes me wonder how many other posters out there have good information to share but cannot participate on the board because of their Free member status?
Right click the chart and select Animate :^)
http://stockcharts.com/webcgi/perf.html?$XEU,$USD

[Bernard Ng]

Forgot to change the Economic news section...

[RCKS]

Hi Bernard, great calls on the short term flat. We have gone nowhere for a couple days.
I thought I would post this post from Mish on Max-Pain and where we stand with 7 trading days to go.
#msg-984677
steve

[Bernard Ng]

IndexPulse TrendWatch for Thursday

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

Time Frame and Trading Signals: as stated in iBox

Futures are red. FTSE is trading at LOD, basically a sell off. TNX gapped down but trading flat. The market looks bearish at the moment. The testing signal suggests that we should fade this gap and hold on to it. Note that this downward move could be the first move of tankage, breakdown of the ascending triangle, so to fade it or not, I'm not sure. After the gap down, we will trade below 320SMA, bearish.

FOMC Minutes will come out at 14:00 during the trading day. It shouldn't have much effect to the market.

INDU's 5 day MACD support at -45, resistance at +45. MACD is pretty much neutral as well, but a buy at -45 is recommended.

INDU should have a trading range between 8350 and 8625.
NDX should have a trading range between 1100 and 1160.
SPX should have a trading range between 905 and 940.
included the breakdown range, but remain cautious about the range bocuning JMHO.