C-fund

I agree. Thanks for sharing it. I may have to use it myself.
Got a big favor to ask. My computer crashed and was able to recover nothing. Does anyone have the graphical link to yahoo that shows the spx with the two moving averages (not sure of the days), i think the lines are blue for the close of spx and red and green for the moving averages. It has been a great tool and I got it from here. Thanks again.
 
This is about the strongest chart I have seen in ages and ages of investing. (I've been playing in the market for 25 years).

http://stockcharts.com/charts/gallery.html?$SPX

While a couple days ago I was sure we were looking at a top, this foundation indicates to me that we have another good run upward ahead.

I can't believe how much strength there is in this market.
 
This market puzzles (perplexes?) me. I hope there is strenghth left but reality has to set in at some point. I seem to recall the market went into a tailspin once before based upon two words:

Irrational exuberance.
 
James,

Continue to fight this bull all the way up. How can a market make new all time highs, and at the same time, have polls of its participants near or at all time lows. That is actually a very healthy condition to predict the sustainability of this bull market, excuse me I mean raging bull market. Snort. We have a classic buy spike on the SPX breadth MCO and a breadth thrust on top of it, and the SPX breadth MCSUM is making higher highs as well. Wave 3's always break a key technical price structure in its wake.

Dennis - permabull #1
 
Well, tomorrow the S&P 500 should hit the 1450 level on the way down.

That number- 1450- is very significant, as it runs up against the 200 day moving average.

Either it holds, in which case we're now near the bottom, or it doesn't hold.

If 1450 doesn't hold, the next real solid support on the way down isn't until around the 1380 range. Now THAT could hurt.

Here is the chart:
ui
 
Somebody give me a BIG V for the bottom. The Euro ladds are waiting with bated breath to spend their money to buy undervalued assets (stocks) with their overvalued euros. And I don't even want to think about the Chinese.
 
I myself keep looking at that 1380 mark as very possible with all this. This week could tease us with some upside and could be just that.
 
I myself keep looking at that 1380 mark as very possible with all this. This week could tease us with some upside and could be just that.
Exactly, I wouldn't trust this Market with my house keys. I really don't think it's over. OK, again I have changed destiny NOW it's through the roof. A small donation would be appreciated.View attachment 1818
 
Market Strength Indicator

I just wanted to comment that Trader Fred's "blue line" market strength indicator did an excellent job in predicting the recent C-Fund decline.

Excellent observation, Paladin. I'll have to take note of it in the future.
 
C-fund 200 dma

Posted this in my account talk, but thought might get more reader input here, please forgive the double posting:

Question for the statisticians and technical gurus: in looking back three years from today at the $SPX, on a daily chart, each time we crossed the 200 dma, we had to wait for the 20 dma to lower and cross (once I think the first time in 05 we barely touched) the 200 dma before we began our upward movement in the market. Is this a given /natural occurrence due to the drop through the 200 dma? If so it seems we would have several more days of downward movement before we start our climb back up -- just some thoughts, please enlighten me!
 
I think today is very important. Will we break the short term downtrend? 1460 or so is the top of the trend line. The 200 dma is also around this point. Will traders sell todays rally? Most of the time the markets reverse from where they start the day. Will today be one of those? Lots of questions.
 
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