Last week's Volume Oscillator for reference
11/22 = -2711/23 = -68
11/24 = -27
11/26 = -39
This week's VO
11/29 = -3711/30 = -54
12/1 = 1
12/2 = 38
12/3 = 49
This post will be updated nightly throughout the week, so check back periodically for new information or you can subscribe to this post and receive updates by e-mail.
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Posts
Thank you,very much appreciated.
ReplyDeleteIf one takes out the two missing hours (not a lot of data to say that's allowed) I have the T hitting on the high bar today:
ReplyDeletehttp://tinyurl.com/34nbg7j
Thanks Steve. So you are saying we could be starting Wave 3 down?
ReplyDeletePS VO updated for 11/30 at -54
I'm saying we "might" be. Under EW guidelines, and what EVERYONE is looking at, any drop will only be wave 4 and that wave 5 to follows makes a new high. I don;t think that, but the mkt does do what I "think" quite often.
ReplyDeleteQ1. What is the difference between the ADO and VIOsc in terms of when you use them or what information they purport to convey?
ReplyDeleteQ2. Why were the calls for the May top and the August top wrong in being too late? Is it the effect of the 40 year cycle?
Updated for 12/1 at 1.
ReplyDeleteNote we have climbed back to the 0 line. We could start to roll over here, or we could climb higher so long as we stay below the descending green line.
Is a chart link available to observe the location of the referenced descending green line?
ReplyDeleteTIA
Jon,
ReplyDeletehttp://ttheory.typepad.com/files/nextsrtvo20101130pdf.pdf
Not sure why Terry changed the slope after the last peak. This would rule out a run back up to 1227 and suggests that the rally will sputter right about here at the 62% retracement level.
Norm
Updated for Thursday 12/2 = 38
ReplyDeletePlease note the green line is drawn from 100 on 9/13 to 69 on 11/1. That slope puts the line at 49 as of 12/3.
ReplyDeleteUpdated for Friday 12/3 = 49. We are at the green line.
ReplyDelete