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Bye, Bye, Miss American Pie


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My interpretation - this the lady on her back formation.

 

Index is in rally mode, equity is in bear mode; things are staying up like falsies for now.

this and your previous response to only posting the charts is too much.

 

almost wet my pants and can't stop laughing.

 

i love this place.

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I don't expect much downside today unless the index PCR goes up again. Sort of like having a low TRIN on the charts. But that's only one indicator and may be lagging as it did this morning.

 

Thanks Doc and all!

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Breakout Failure on DJ futures.

KWave --- generally, what's the lag time from the futures to the cash?

Couple of minutes at most. But the amount of discount or premium can vary between futures and cash. So we have not yet seen failure in the cash. 15 min MACD just crossed over on cash after a nice divergence. If they gonna roll it over it should be soon.

looks like it's starting to show up on the SPY and some of the others.

I'm watch SLM, iit had an intraday breakout that just failed. Thomson Financial has shown lots of selling messages and there was a big trade in the morning..... Certainly hoping the apex is done. :rolleyes:

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Dear Stoolies -

 

We have received a most urgent hyperspace message from Obi-Wan Kenobi.

 

Our services are now desperately needed to help defend the galaxy against the evil Darth Vader and The Dark Side of The Force.

 

Since his wish is our command, we will be departing Stoolville later today for a place far, far away . . .

 

With the hope that at some point we can return.

 

And with full faith and confidence in who we are leaving to handle the job here in our absence.

 

So please welcome our replacement with enthusiam at 12:45 PM on Monday.

 

Han and Chewie

 

han-and-.jpg

hamline.edu/~jstoller

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