Comments on: Losing Altitude http://spiralcalendar.com/2009/04/losing-altitude/ Christopher Carolan on Financial Markets & Lunar Cycles Fri, 18 May 2012 09:30:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: rich http://spiralcalendar.com/2009/04/losing-altitude/comment-page-1/#comment-588 rich Mon, 13 Apr 2009 18:03:16 +0000 http://spiralcalendar.com/?p=1703#comment-588 This topping process may take most of the week, but I think that the S&P will most likely end the week down. Definitely a week to add to short positions on strength. We could yet see an rise to 870 and an intra-day spike to 890 before the falls take hold. At the beginning of March the S&P fell to 700 & would have been a very good long bet there, as the intra-day trough was only 34 points lower. This topping process may take most of the week, but I think that the S&P will most likely end the week down. Definitely a week to add to short positions on strength. We could yet see an rise to 870 and an intra-day spike to 890 before the falls take hold.
At the beginning of March the S&P fell to 700 & would have been a very good long bet there, as the intra-day trough was only 34 points lower.

]]> By: BearOfNH http://spiralcalendar.com/2009/04/losing-altitude/comment-page-1/#comment-587 BearOfNH Sun, 12 Apr 2009 14:40:01 +0000 http://spiralcalendar.com/?p=1703#comment-587 It looks like the adv volume chart peaked around the 1st of March, so you could have made a similar argument back then: advancing volume peaks rising, market declining, ergo an imminent turn. And we did get the turn but only after a few more days and about 80 S&P points. So the tide trade, expecting a high on 4/17, could still be in play. But it's definitely a time to keep stops tight on long positions. It looks like the adv volume chart peaked around the 1st of March, so you could have made a similar argument back then: advancing volume peaks rising, market declining, ergo an imminent turn. And we did get the turn but only after a few more days and about 80 S&P points.

So the tide trade, expecting a high on 4/17, could still be in play. But it’s definitely a time to keep stops tight on long positions.

]]> By: LovesBeta http://spiralcalendar.com/2009/04/losing-altitude/comment-page-1/#comment-586 LovesBeta Sat, 11 Apr 2009 00:13:19 +0000 http://spiralcalendar.com/?p=1703#comment-586 Yes, I was monitoring it as well. And that was one of my sources of bearishness. Don't exactly know when it turns (Maybe Monday), but it sure is showing divergence. http://stockcharts.com/charts/indices/mcsumnyse.html Yes, I was monitoring it as well. And that was one of my sources of bearishness. Don’t exactly know when it turns (Maybe Monday), but it sure is showing divergence.

http://stockcharts.com/charts/indices/mcsumnyse.html

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