The Nasdaq bounced off the low yesterday and finished near the high of the bar. Volume was off as it has been for about a month on up days. It appears to be the big money has no interest in buying anything above the current prices.
The Nasdaq and NYSE Summation indices look weak with prices moving higher while the 10/20 day moving averages of the SI continue moving lower. The NASI has flattened on the 10dma while the 20dma is moving down. This looks somewhat odd with price moving up in October. The NYSI is even weaker with the both the 10 and 20 day moving averages sloping downward.
Charts courtesy of Stockcharts.com
Andy,
Looks like you are right on target in comparison with 1938 crash…
We will have a confirmation next week.
Andy – When you get time would you run an updated
S&P 500 Road map? I would like to get your view on
the next 6 months or so. Thanks!
andy, take a look at the spx 1987 3 step build going into the crash,then the 4 step nikkei going into the 91 crash, then the 4 step pattern in todays spx, it suggests a pullback to 980 minimum, i would like to see how it correlates with your cycle dates
Hope everything is good with you. It is rare not to see your post for 3 days without notice.
Hey Andy, hope your OK? Just like SR, wondering where you are? Hope all is well…L
Same here Andy. Hope to hear from you soon.
Hello. I am ok but have some issues that make posting difficult. I hope to work through these and begin posting again in a week or two. Premium content subscriber data continues to be updated weekly.
Ok, Andy, glad its just technical, well enjoy your time off, hope you go hunting or do some fun things with the family… later Lib