Parker, Just created the MFI for the SPY - using TRADING days, I get the projected top date as 12/13/10 (7/2/10 closing low, 9/21/10 MFI peak). There was EVERY chance to have the 12/13 peak exceeded today - we didn't - I wouldn't be surprised by a drop down to 1180 now).
Momentum is still on the Buy side, my Momentum Change indicators generated a Buy signal on 12/1 at 120.5 on the SPY.. and that Buy signal is still in effect.
Any change would require a significant down draft, which I thought we might get a couple of days ago, but it did not happen, and my signal has moved back from sideways to confirm Buy.
Hey Parker! i'm a 20 years old brazilian student and follow you closely on twitter...first of all, thank u for sharing your thoughts! Secondly, could u explain what r the "lowry's, 6-day, 5-day and 10-day" that r in marty schwartz "pit bull guide for trading"? thanks a lot! Joseph
Parker,
ReplyDeleteJust created the MFI for the SPY - using TRADING days, I get the projected top date as 12/13/10 (7/2/10 closing low, 9/21/10 MFI peak). There was EVERY chance to have the 12/13 peak exceeded today - we didn't - I wouldn't be surprised by a drop down to 1180 now).
Reverse Hindi?
ReplyDeleteAchal
ReplyDeleteMomentum is still on the Buy side, my Momentum Change indicators generated a Buy signal on 12/1 at 120.5 on the SPY.. and that Buy signal is still in effect.
Any change would require a significant down draft, which I thought we might get a couple of days ago, but it did not happen, and my signal has moved back from sideways to confirm Buy.
Bill
Achal
ReplyDelete55 trading days between 7/2 and 9/21. 12/8 is 55 trading days after 9/21.
Marketlive
Hindys are valid for 120 days
Hey Parker! i'm a 20 years old brazilian student and follow you closely on twitter...first of all, thank u for sharing your thoughts!
ReplyDeleteSecondly, could u explain what r the "lowry's, 6-day, 5-day and 10-day" that r in marty schwartz "pit bull guide for trading"? thanks a lot!
Joseph
Thanks Joseph.
ReplyDeleteI'll have to dig my copy of Pit Bull out. I'll get back to you.
Remind me what happened the last time the Hindenberg omen was triggered. Thanks.
ReplyDelete