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

Monday, September 29, 2008

I'm sure that plenty will be written about today,
so it may be best to repost Saturday's chart...



...and, find comfort in the notion, that tomorrow is a G date.
The 1187.5 level is quickly running low on get out of jail cards.

Saturday, September 27, 2008

This is where the SPX stands on the monthly chart,
with a simple cycle added:


Thursday, September 25, 2008

Wednesday, September 24, 2008

Nothing new today,
1187.5 is to be defended at all cost.

Tuesday, September 23, 2008

The new line in the sand at the harmonic octave of 1187.5, and the SPX Barometer dropping into the oversold zone:


Monday, September 22, 2008

Here's a little more sophisticated framework for intraday trading the e-mini:



And the end-result:

Friday, September 19, 2008

The chart below shows the result of the combined action between the Gravity dates and the SPX Barometer during these turbulent times.

As usual, the Gravity dates are marked "G", while the blue/red numbers reflect the extreme overbought/oversold SPX Barometer readings.



Plus, isn't it amazing, that the origin of these s/r lines emanates from the 2002 low?


Thursday, September 18, 2008

Wednesday, September 17, 2008

In July 2002, the SPX rebounded from the 50% retracement of the March 2000 ath of 1553.

Currently, the SPX is looking for support at the 50% retracement of the 2002/2007 range.



Well, that support didn't last very long, although it provided some very good intraday short-term long entry point,


and there are signs that a rebound should be coming sooner rather than later:


In any case, the 2001 analogy is working pretty well, and it's funny that Bill McLaren changed his tune, and is now looking at 1969/70, instead.

Monday, September 15, 2008

It is only fair to admit that not every SPX Barometer overbought reading leads to such a dramatic decline:


Sunday, September 14, 2008

Time to revisit the 2000/2001 analogy.
111 and 114 is the calendar day count from point (9) to September 10th.


Thursday, September 11, 2008

In case someone forgot to check the calendar,
today was pre-opex Thursday.



P.S. If that doesn't ring a bell, check the August 6th and August 8th entries.

Wednesday, September 10, 2008

The SPX still holding the line,



while the Q's are sliding further down the slippery slope:

Monday, September 08, 2008

Sunday, September 07, 2008

Time for another look at the Q's monthly chart:


Thursday, September 04, 2008

Very often, even the simplest tools get the job done:


Wednesday, September 03, 2008

Tuesday, September 02, 2008

This is the picture before the open:



and after the close:

Monday, September 01, 2008

A brief historical reminder:

Hurricane Katrina hit New Orleans on Monday,
August 29, 2005.
The SPX responded with a 10 day rally, followed by a retest and violation of the lows.

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