31 Aug 2011

Mostly ran out of steam today despite a good open.  This is as expected considering my short term indicator.

Remains overbought.  However, remember that we like to look for divergences in consecutive peaks before taking large action.  As was the case last fall, this remained in positive territory for a long time.  Personally, I got out of the positions that showed profits of only 0 - 4% to keep them from falling and taking MY money away.  I may be premature, but I don't care. Remember, paper profits can slip away at times, but it is far worse to lose your own money.

No longer oversold in the medium term.  Like last summer, I'd expect this to flatten out and try again at the hold short peak, but no two times are the exactly the same.

"Speculators in stock markets have lost money. But I believe that it is a safe statement that the money lost by speculators alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride."
Jesse Livermore

30 Aug 2011

 Getting near normal levels for medium term.

As overbought in the short term as we have been for the last two years.

Anyone else notice how that during the last stock market panic sell off that the dollar did not rise?  Is this troubling to anyone else?

29 Aug 2011 (Night)

 Still oversold in medium term.

Overbought in short term, but I think everyone with a brain figured that out.

Likely oversold in the long term.  Not much data here - seems we are flattening out.

There is a positive divergence (although there was a negative divergence in the bottom) from the previous (most recent) "peak" in the McClellan Summation Index.  Please note that TSV in the shortest term is getting quite high, but doesn't appear to have topped yet.  TSV actually has nothing to do with this as its a volume indicator, but it does seem to give a "timing" aspect to these cycles.