graftonian
1,089 posts
msg #154877
- Ignore graftonian |
12/10/2020 11:09:46 AM
@cheese
I didn't finish my last post, but by 0900 all had fallen off the radar. SH has returned, however need confirmation from PSAR, vortex, and volume.
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Cheese
1,374 posts
msg #154882
- Ignore Cheese |
12/10/2020 12:42:37 PM
Mac's Guppys on stockcharts clearly suggests that the Bull case has slightly weakened
but is far from surrendering to the Bear case.
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Mactheriverrat
3,156 posts
msg #154883
- Ignore Mactheriverrat
modified |
12/10/2020 1:22:38 PM
@Chesse Roger that!!!
Even the Charting wealth theory is showing the same that yes some weakness on 2 day but weekly is still strong on the SPY.
My bet markets taking a breather down to the 10 day EMA then on to new highs. Doesn't seem to be any big above average volume sell off .
I use SF for scans and TC2000 ( Gold version $9.99 a month, I might upgrade sometime to get their scanning option but for now it works for me) for charting. People out there get the same price and volume action. Everybody who looks at charts everywhere see's the same action.
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Cheese
1,374 posts
msg #154885
- Ignore Cheese |
12/10/2020 1:41:35 PM
Thanks, Mac.
So far, I follow your Guppys on stockcharts. Youc Guppys are easier on the eyes.
The top few mMAs of Traders have bent down
The remaining Traders mMAs are currently flat
The Investors mMAs are still pointing up
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Mactheriverrat
3,156 posts
msg #154886
- Ignore Mactheriverrat |
12/10/2020 1:41:58 PM
Now that's not saying that this weakness could turn into another 2018/2019 Christmas selloff. One needs to be cautious be long just as Graf's thread suggests.
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Cheese
1,374 posts
msg #154888
- Ignore Cheese |
12/10/2020 2:26:44 PM
YES, thanks for the 2018/2019 Christmas Season reminder, graf and Mac.
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graftonian
1,089 posts
msg #154896
- Ignore graftonian |
12/11/2020 10:28:32 AM
The clouds are getting darker, 4 of 7 hits this morning are inverse ETFs. 3 of those are inverse NASDAQ.
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