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hiker

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Posts: 8,859
Reply with quote  #1 
thoughts anyone whether any of these chart elements' June through September lower highs pattern configuration matters ..
now that the cumulative breadth A-D lines or volume A-D lines are near or above their January through August 29, 2014 highs?

* in early August it was important and profitable to note the positive A-D trend divergences at the intraday August 7th low, and so it now seems the negative daily A-D trend since mid-August and the negative NYSE internal trend divergences are due their merit for consideration at this moment today when the NYSE price action tests its prior daily close price high from early July 2014.

thoughts from anyone are appreciated, and kudos to Dave alerting us via his twitter feed on
August 7th about the positive divergence by trend data sets vs. the intraday price action

NYSE net A-D daily chart data smoothed with the 8-day sma - intraday September 4, 2014 -- the NYAD 8-day trend currently = Negative Divergence vs. today's test of the NYA daily price close high from early July 2014:

* the negative divergence by the daily NYAD trend in early July and by the then current "iffy" location relative to the zero line
by NYMO are noteworthy, since those observations had some merit in early July for action ability to fade the new highs price action

NYAD daily data smoothed with the 8-day sma - intraday September 4, 2014 -- the NYAD 8-day trend currently = Negative DIvgergence vs. today's test of the NYA daily price close high from early July 2014.png 


here is is how a similar chart looked on October 10, 2013 :

* for comparison, even though the setup meaning is derived
from a different set of pattern configurations at this prior time

NYAD daily data smoothed with the 8-day sma - Oct10, 2013 -- the NYAD 8-day trend is marginally Below zero line, the buy zone location for the NYAD's 8-day SMA was visited ONLY on October 8 and 9th Before today's reversal.png 




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hiker

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Reply with quote  #2 
further comment:

RE: Kennedy Gammage upward breadth thrust -- for future consideration in the coming days:

upward thrust in the coming days/weeks originating when NYMO is again back below the zero line in the -20 to -30 region would comprise the initial progress steps required for a potential valid setup for the Kennedy Gammage upward thrust characteristics to eventually develop

NYMO has now satisfied one characteristic:  * NYMO being located above the zero line for the "optimal" minimum two weeks following spending a good amount of time below the zero line during a prior lengthy declining sequence for NYMO

NYAD daily chart:  data smoothed with the 8-day sma - close for September 4, 2014 -- the NYAD 8-day trend currently = slightly Positive valuation above the zero line and pointing down since mid-August:

* NYMO is progressing below the zero line as discussed above, so time will tell whether it holds
a brief period of time & shallow distance below the zero line now as another requirement for a potential
setup for a later Kennedy Gammage upward breadth thrust event

NYAD daily data smoothed with the 8-day sma - September 4, 2014 -- the NYAD 8-day trend currently = slightly Positive and pointing down since last week.png


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Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

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hiker

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Reply with quote  #3 
NYAD daily data smoothed with the 8-day sma - September 5, 2014:

* the smoothed daily NYAD has now somewhat flattened for two consecutive daily closes, and
the directional choice in the coming weeks will be instructive:

 NYAD daily data smoothed with the 8-day sma - September 5, 2014.png 



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