Market Breadth Data******************************

Monday, March 31, 2008

The OEX testing the middle of the range:


Friday, March 28, 2008

Thursday, March 27, 2008

Tuesday, March 25, 2008

Monday, March 24, 2008

Sunday, March 23, 2008

Wishing everybody Happy Easter
with all intraday CIT's for Monday...



and the end-result


Saturday, March 22, 2008

Thursday, March 20, 2008

Here's the weekly perspective:





along with some intraday fibo action


Wednesday, March 19, 2008

The FED giveth and the FED taketh away...

How's that for sound monetary policy !?!?






... and then giveth back again on Thursday, via the PDCF !

Tuesday, March 18, 2008


So, is this the proverbial bear market rally, or is it the real deal?

No need to guess. An easy way to tell is by looking at the SPX Barometer.
If the SPX continues sideways/up (swup), while the Barometer goes through its usual overbought/oversold cycle -- that will be a good indication of a strong market.

Monday, March 17, 2008


Another disaster narrowly averted,
and the indices brought back above critical levels.

The message of Wall Str. is loud and clear:

We don't care about the dollar.
If we don't get the rate cut we want,
the SPX drops 50 points.

How's that for pressure on Mr. B !
I've posted these charts many times before, but it's worth doing it again, because they clearly show what's at stake today, with the indices trading right at support in pre-market hours.



Saturday, March 15, 2008

This is what a measured 720 degrees drop looks like.


Friday, March 14, 2008

In case there was any doubt in the power of the 2003 fractal, I'm updating yesterday's chart.


Thursday, March 13, 2008

Amazingly, the SPX still finds support/resistance at the 2003 fractal
(blue lines).


Today's intraday CIT's.


Wednesday, March 12, 2008

Tuesday, March 11, 2008

Now, let's consider for a moment what could have happened, had the Fed not acted: an SPX spill-over out of the structure, and a 50 point drop.

Clearly, not an appealing outcome...




Plus, who could blame them, for making a swing-traders dream come trough?


Monday, March 10, 2008

The divergences mentioned over the week-end are still in play, and the SPX entered obvious support zone.


Sunday, March 09, 2008

Here's a look at the cycle forecaster:




followed by charts of some of the indicators showing positive divergences:




Saturday, March 08, 2008

Several indicators, non related to price, including the barometer, are showing positive divergences. The SPX chart below is showing all sorts of support/resistance levels.


Friday, March 07, 2008

Fittingly, there is some beautiful symmetry in the last candle of the week.


Thursday, March 06, 2008

Well, the similarities between the barometer readings are still there, and the lows were tested. The question is, whether the outcome will be the same...


Wednesday, March 05, 2008

The similarities between the SPX at the beginning of February and now are pretty striking. Interestingly,
the barometer readings are pretty similar as well.


Tuesday, March 04, 2008

The SPX merrily bouncing between support/resistance levels, while the barometer is getting oversold.


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Monday, March 03, 2008

Spyders in no-mans land,




and a graphic update of past and future Gravity dates.


Sunday, March 02, 2008

This short-term indicator is pretty much self-explanatory.


Saturday, March 01, 2008

The Dow can't make-up its mind which of the three forecasts to follow. Luckily, all three continue to be in sync for the next few months.




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