continue follow through 4 days in a row we are due for a pull back
$SPX
Market Breadth
| Issues | Number | % |
|---|---|---|
| Advancing | 443 | 90 |
| Declining | 50 | 10 |
| Unchanged | 1 | 0 |
| Total | 494 | 100 |
The fraction of the overall market that is participating in the market's up or down move.
Market Volume
| Issues | Amount | % |
|---|---|---|
| Advancing | 2,475,158,825 | 88 |
| Declining | 316,984,092 | 11 |
| Unchanged | 8,554,291 | 0 |
| Total | 2,800,697,208 | 100 |
The volume of today's trading that is participating in the market's up or down move.
New Highs and Lows
| Issues | Number | % |
|---|---|---|
| 52-week highs | 6 | 1 |
| 52-week lows | 1 | 0 |
| Total | 494 | 100 |
The number of stocks in the index reaching a new 52-week high or low today.
Gold / Dow - "3 possible scenarios "
I was taught that in order to understand where things are going you have to look at historical values and ratios exhibited at bottoms and tops
Historically a Bottom in the Dow Bear will be indicate by a Ratio of 1:1 or 2: 1 in other words a Bottom is indicated when the ratio between $GOLD and DOW is either one of these 2 ratios or permutation of that.
So .............
Scenario 1
Dow Down / Gold Up
Dow Holds / Gold Up
Down Down / Gold Holds
some where between DOW $17949 and Gold $1344 lies the truth only time will tell and fore warned is fore armed.
Gold / Dow - "3 possible scenarios "
I was taught that in order to understand where things are going you have to look at historical values and ratios exhibited at bottoms and tops
Historically a Bottom in the Dow Bear will be indicate by a Ratio of 1:1 or 2: 1 in other words a Bottom is indicated when the ratio between $GOLD and DOW is either one of these 2 ratios or permutation of that.
So .............
Scenario 1
Dow Down / Gold Up
Dow Holds / Gold Up
Down Down / Gold Holds
some where between DOW $17949 and Gold $1344 lies the truth only time will tell and fore warned is fore armed.
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