================== Time tell lots. Thanksgiving week =up; present week,higher lows but not higher hii in SPY. Volume is small, but logical, not many want full size size buy, in SPY, in bear market,LOL. Mr Mamis dosnt care for 50 day moving average; too whippy if i remember his book.[When to sell] So he is a longer term investor, not a medium or short term investor. Not likely that is ''the bottom'', in a bear market; but monthly retest [bear rally]of highs maybe overdue
Kudos for an excellent thread. One of the few on ET worthy of any credit. Given that Tuesday's SPX low was re-tested today ( 818.41 ) and held with nearly a 60 handle rally into the close, I would bet dollars to donuts that the HIGH/LOW indicator IMPROVED a bit today. Just take a look at a bunch of individual stock charts. Many did not take out the lows of Nov. 20th. Keep all of us posted!
This statement I agree with.....2009 will be a full on A$$ kicker for LONG and wrong equities holders......sorry to say! :eek:
I was about to say the same thing about AMT4SWA (and prolly he was about to say the same thing about me)
Not sure where you get this data from as the Wall Street Journal shows NYSE new 52 week highs at (10) and new lows at (24) for Monday, Dec. 8th. Last Friday, we were at (4) for new highs and (175) new lows. That is quite an IMPROVEMENT over last Friday! http://online.wsj.com/mdc/public/page/2_3021-newhinyse-newhighs-20081208.html?mod=mdc_pastcalendar
Let's look at correlations to see if my system has any merit... XLB, 23.58, 0.75 XLE, 46.12, 0.20 XLF, 13.67, 0.91 XLI, 23.25, 0.84 XLK, 15.73, 0.85 XLP, 23.84, 0.55 XLU, 28.93, 0.51 XLV, 25.39, 0.70 XLY, 21.88, 0.92 6/9 sectors are looking a little heavy on the top-side...