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SPX oscilator.


as of july 21


NYSE McClellan oscillator now +202, NDX oscillator +102, SPX oscillator +96

 

What exactly are you trying to say?

Regards

Johno

 

I'm with ya.

 

What happened to all the shorts?

Regards

Johno

 

are there situations when you should stop in front of a train?

 

No

Regards

Johno

 

i dont use all those nonsense indicators that a few other people mentioned.. LD

Just stick to looking at the chart in 'line-chart' view, seeing where the really strong S&R levels are on the daily/monthly chart,
then wait for huge elongated moves to exhaust themselves before then attacking into them for the snap-back.


Dow is near string resistance around 8926 level,
so i got my sell in at 8906.


i see next support not till 8637, but as i have to cash this trade in before todays close i see likely low support today of around 8786.

(we just need some bad home sales and unemployment claims and then this piece of crap crashes)

 

LOL

 

Yes, if you know the precise location the train will stop.

 

That's one of the things I haven't quite worked out yet , would you care to share how it's done, I'd be eternally grateful!

Regards

Johno