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fib_1618

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Reply with quote  #1 
New all time lows today in the total ISEE options indicator - 35!!

Fib

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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hiker

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Reply with quote  #2 
as a price chart context for this thread:

* the $SPX cash index and the SPY closed on September 28th slightly below its 65-day lower Bollinger Band for the first time since late August/early September ...

which represents a more uncertain chart configuration for the price action's location just like the upper Bollinger Band testing by price action represents a "higher degree" uncertainty chart environment

* 2931.78 = the $SPXEW late August low, while September 28th closed below this prior intraday price low ...
a very negative chart event, by itself, and does not bode for a probable rally recovery
unless such price recovery takes place within four trading days
(2910.12 = the October 2014 daily close low)

time will tell

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hiker

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Reply with quote  #3 
* 2931.78 = the $SPXEW late August low, while September 28th closed below this prior intraday price low ...a very negative chart event, by itself, and does not bode for a probable rally recovery
unless such price recovery takes place within four trading days

** 2911.20 = the September 29, 2015 intraday low

versus


2910.12 = the October 2014 daily close low

SPXEW daily chart - September 29, 2015 -- closing-basis update:

SPX-EW daily - September 29, 2015.png 


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hiker

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Reply with quote  #4 
S&P 500 daily with McClellan indicators - September 29, 2015:

* the current S&P 500 positively Divergent McO chart location may have
temporary or lasting merit going forward ... time will tell how much consideration
this chart element deserves in its current configuration as of September 29th
(September month-end and quarter-end re-balancing takes place on September
30th)

S&P 500 daily with McClellan indicators - September 29, 2015 - positive Divg. McO chart location.png 


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hiker

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Reply with quote  #5 
S&P 500 weekly chart with AAII sentiment data - September 29, 2015:

* the weekly 21ema below the 70sma is a negative chart development, and requires
vigilance going forward

* you can interpret the chart location of the S&P 500  price action vs. its 70-week lower Bollinger Band two distinct ways ... you be the judge and consider the relative V-bottom from this chart location which took place in the 2008/2009 time period for potential instruction as 2015 progresses toward the year-end


SPX weekly with AAII sentiment data - September 29, 2015.png 



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hiker

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Reply with quote  #6 
QQQ daily - September 29, 2015:

* the August 2015 daily close low is now being approached by the QQQ price action

* price action below the 377-day ema represents a negative chart event

QQQ daily - September 29, 2015.png 


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hiker

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Reply with quote  #7 
SPX-EW daily - October 1, 2015 - the Thursday prior to NFP release:

* four consecutive daily closes below the 600-day sma represents a negative chart event

SPX-EW daily - October 1, 2015 - the Thursday prior to NFP release.png 


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