Last week's Volume Oscillator for reference
2/28 = -53/1 = -54
3/2 = -37
3/3 = 6
3/4 = -24
This week's VO
3/7 = -55
3/8 = -23
3/9 = -25
3/10 = -69
3/11 = -34
This post will be updated nightly throughout the week, so check back periodically for new information.
Note: if we fall below -68 on the VO, we have a chance to make a new rising bottoms pattern vs. the December 10 VO peak.
ReplyDeleteWe are looking at an early to mid-June top if that rising bottoms pattern materializes over the next 2 weeks.
i think Terry expected the correction to end soon in his weekend commentary?
ReplyDeleteDOW...............
ReplyDeleteI also have a cycle bottom coming...with smaller cycles one has to be on his toes into the area of price as the market can run on ya.......I have a chart up! Good trading!
http://traderjoed.blogspot.com/
Parker,
ReplyDeleteHope you stayed with your short. A Friday close with the big 5 indexes all below the 50 and Stoch below 80 will have me running for cover.
Want to buy here near the 55 but the low TRIN is suspicious. Probably the low but will give it another day.
ReplyDeleteHi Jack.
ReplyDeleteWith today's VO at -69, I am waiting for a rising bottoms pattern before going long.
without follow- through here shorts will be in the mood to cover after finally making a profit. Looks like a second retest of the recent lows. Which as you know is usually bullish. Interesting to watch the dollar here.
ReplyDelete