$NYSI - Chart Link - here's an interesting
view of the NYSI indicator plotted as a cumulative indicator,
plotted with the ICHIMOKU indicator. I actually made this
indicator early last year looking for clues for the end of the bull
market.
I forgot about it and ran into it again on my chart lists.
Anyway as you study this, clearly you can see there is cause
for concern
Notice that it gave an exit to cash mid last year and now the
indicator looks eerily similar to early 2008.
NYSI weekly cumulative indicator spells trouble
Posted by matt on 23rd of Mar 2016 at 09:34 pm
$NYSI - Chart Link - here's an interesting view of the NYSI indicator plotted as a cumulative indicator, plotted with the ICHIMOKU indicator. I actually made this indicator early last year looking for clues for the end of the bull market.
I forgot about it and ran into it again on my chart lists. Anyway as you study this, clearly you can see there is cause for concern
Notice that it gave an exit to cash mid last year and now the indicator looks eerily similar to early 2008.
thanks for the chart, probably
Posted by morton7 on 24th of Mar 2016 at 09:08 am
thanks for the chart, probably time for more QE from the Fed!
thx, I cleaned it up
Posted by matt on 23rd of Mar 2016 at 11:04 pm
thx, I cleaned it up it now makes sense
for the 2nd set of
Posted by frtaylor on 23rd of Mar 2016 at 10:15 pm
for the 2nd set of arrows (March 2009), which point up, I'm guessing that the dialogue box should actually say this:
"Go to cash (close the short) when green crosses above blue, go long when green crosses above red."