as an early warning signal, it shifted to a buy earlier today,
as the histogram went above the 8ema....however as I believe this
is a wave 4, I am willing to look for the lower low and a possible
whipsaw on this indicator before the week is out...however it has
me alerted a bottom is in or very near at hand....
Look at how it acted Sept 29-30. that is what I think may
happen here...only to the downside
ok so much for this going like the 29-30...Looks like we got us
a blast off the bottom. and the signal caught it early enough, IF
one would act on it.
Kinda surprised we didnt get a SPY system buy yesterday as it
seems it can get us in usually the day before the bottom, or maybe
that is just the way I like to think of it?
I think maybe 30 or more points down on the ES, and it would
have bought. I'm just surprised that no one on the blog has
mentioned the 3:00 PM EST buy programs that have been hitting
almost every day for the past week. They've burned the shorts badly
a couple times now. Those buy programs work the best when too many
are loaded on one side like yesterday.
macd 8 ema crossed then whipsawed as it can do from time to
time. However it has turned back down to a sell again today...right
in line with the SPY system....seems like a good confirmation to
me!
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8 ema crossover
Posted by perthx on 4th of Oct 2011 at 02:20 pm
as an early warning signal, it shifted to a buy earlier today, as the histogram went above the 8ema....however as I believe this is a wave 4, I am willing to look for the lower low and a possible whipsaw on this indicator before the week is out...however it has me alerted a bottom is in or very near at hand....
Look at how it acted Sept 29-30. that is what I think may happen here...only to the downside
whoosh
Posted by perthx on 4th of Oct 2011 at 09:37 pm
ok so much for this going like the 29-30...Looks like we got us a blast off the bottom. and the signal caught it early enough, IF one would act on it.
Kinda surprised we didnt get a SPY system buy yesterday as it seems it can get us in usually the day before the bottom, or maybe that is just the way I like to think of it?
System..
Posted by burkmere on 5th of Oct 2011 at 10:56 am
I was sort of surprised, too...it must just be looking to short rallies at this point...
I think maybe 30 or
Posted by cw12 on 5th of Oct 2011 at 11:43 am
I think maybe 30 or more points down on the ES, and it would have bought. I'm just surprised that no one on the blog has mentioned the 3:00 PM EST buy programs that have been hitting almost every day for the past week. They've burned the shorts badly a couple times now. Those buy programs work the best when too many are loaded on one side like yesterday.
Did you mean August 29-30?
Posted by frtaylor on 4th of Oct 2011 at 09:27 pm
Did you mean August 29-30? Because Sept 29-30 there was no whipsaw, and it was of course moving to the down side.
yes , sorry
Posted by perthx on 5th of Oct 2011 at 09:35 am
I did mean August 29-30 where it looks like there was the slightest of whips.
the histogram went positive
Posted by perthx on 5th of Oct 2011 at 12:22 pm
so there ya go, confirmation. I am still worried about a lower low whipsawing this move.
watch that 8 ema vs histogram
Posted by perthx on 6th of Oct 2011 at 03:42 pm
the modified macd is close to giving a sell signal, as early as tomorrow morning!!
crossed under
Posted by perthx on 7th of Oct 2011 at 11:57 am
The mod macd just crossed under the 8 ema suggesting a significant pullback may be starting
macd 8 ema crossed then
Posted by perthx on 10th of Oct 2011 at 03:25 pm
macd 8 ema crossed then whipsawed as it can do from time to time. However it has turned back down to a sell again today...right in line with the SPY system....seems like a good confirmation to me!