Kind Words from Terry Laundry, Founder of T Theory

"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010

"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010

"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201

"Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.

Thursday, January 6, 2011

$$ T Theory Volume Oscillator in Negative Territory

Tonight, we got a -5 reading on the VO.  Let's review a few recent tops to see if this tells us anything.

November 5, 2010 Top
The VO turned negative on October 19 and stayed negative through November 2 (11 straight trading days at 0 or below) before turning positive on November 3-5.

August 9, 2010 Top
The VO never went negative before the downtrend started.

April 26, 2010 Top
The VO had 4 random negative days between March 19-31 before turning solidly negative on April 16-26 (seven trading days).

January 19, 2010 Top
Had one negative VO day as warning (January 15).

June 12, 2009 Top

The VO turned solidly negative on June 3 and stayed negative through June 12 (8 trading days).

Conclusion

Unfortunately, the VO by itself turning negative for one day is not particularly predictive.  If it stays negative for a few days, we should probably be on the lookout for other evidence of a topping process over the next week or two.
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