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

Friday, October 31, 2008

We got the happy end of month print and a break above the quadruple top.

The question is, though, how sustainable is this rally with the barometer at record high levels?



Thursday, October 30, 2008

Today we got a nice quadruple top in the e-mini:


Wednesday, October 29, 2008

Sunday, October 26, 2008

Even a simplistic approach to cycle analysis could prove quite helpful, and provide a useful background for further study:


Wednesday, October 22, 2008

Tuesday, October 21, 2008

Monday, October 20, 2008

Climbing steadily within the triangle:



NB The targets have been updated.

Sunday, October 19, 2008

WARNING:

The projected targets, based on breakouts of the 60 min. e-mini triangles, are not for the faint of heart!



Fortunately, the daily SPX chart below points to a more benign outcome...



or, does it?




It all depends on what color glasses you're wearing at the moment and, ultimately, on price action itself.

Saturday, October 18, 2008

Below is an assortment of traditional H&S targets:







So far, the Dow is moving within channels defined by the difference between the ATH and the Y2K Hi:




NB: there is a slight difference in measurements, due to charting software constraints.

Friday, October 17, 2008

Oil finds itself at an interesting juncture, ahead of the upcoming emergency OPEC meeting


Here's whrere we stand before the open...


Saturday, October 11, 2008

For the sake of argument, let's assume that this forced sell-off will end before the major indices fall below zero.

What can we expect, from a historical point of view?

The attached charts, going all the way back to 1929,
should give us a pretty good idea.

Take your pick:














Thursday, October 09, 2008

And the winner is the SPX, which reached penultimate support above the 2002/2003 lows,



while the Q's fared a little better:


Since most traditional indicators are becoming useless in this environment, let's see what the cycle tool has in store:

Wednesday, October 08, 2008

True to form, the barometer refused to dip to zero,
while the SPX is about to enter a third, vertical channel:


Tuesday, October 07, 2008

The bad news is, the barometer fell to one of the lowest readings ever.

The good news is, I've never seen it fall to zero.

Will this time be any different?

Friday, October 03, 2008

Lets kick-off the week-end with a couple of monthly charts,




without forgettimg to keep an eye on the calendar and barometer.

Wednesday, October 01, 2008

The Q's registered a second inside day, and are getting ready for another big move:



As a consequence, they were the first to break the September 29th low

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