As I have been expecting, the ST ADV/DEC Volume Momentum
reached its declining trend line.
I expect a pullback from these levels but SP 780-815 is likely
in the near future.
Click picture to enlarge.
5-Day Momentum. S&P = yellow.
Price Momentum = blue. Intraday behavior = pink.
For Friday (3/13) the Up/Down Indicator is .47 suggesting
a negative bias for the Stock Market.
The S&P interval = 9.5 points.
7 comments:
TED Spread steadily moving higher.
Will,
This was said by someone of Carl Futia, whom I know you admire, today.
"Whether I agree with your assessment of the direction of the market or not, I have learned much from your sharing of your knowledge. It is a generous and courageous gift to us struggling traders who follow along with your efforts. You are a teacher. "
He goes on to say that "teacher" is one of the highest compliments he can give someone.
I think most of us who follow this blog would say as much of you and might only regret not to have thought to have said it first.
SS
Hi Will,
I have been following your blog since early 07. it is the best on the web. Still, I hope it does not become something like Carl Futia`s, with too many comments (this means too many visitors, transformation of the comments section in a chat room etc). i always viewed this a select and rare place on the web an i can only hope it stays that way.
Funny as it may be, I have been praying for some bad calls on the market from you in order to scare the superficial visitors away but until now it didn`t happen :)
Best regards,
Adrian
Will,
how about this scenario:
pullback to 720-730 followed to rise to 780 or more? I'm just guessing, but trying to set some targets for the small shorts I have (with tight stops). Or do you see a retest of 666?
Thanks!
Hey Adrian, if someone is forcing you to read the comments, please let me know and I'll call the cops. That's just not right.
I'm sure Mr. Rahal would like as many visitors as he can get, otherwise he wouldn't waste his time and energy.
It`s just a reflex of mine after some years of trading, that something good that is discovered by a lot of people becomes something not so good. Carl Futia`s blog might be such a case.
I could be wrong. Sorry if I offended anyone.
adrian
Thank you all for your comments.
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