Tuesday, February 12, 2013

NYSI Summation Index Daily Chart Market Top Behavior

NYSI cleanly shows the key market moves since Autumn.  The September top, mid-November bottom, then mid-Decmeber top where the market selling began on fiscal cliff worry. The market selling continued through Christmas and then the politicians provided a minimalist solution as the new year began, but traders love the can-kicking mentality and markets took off like a rocket during January. Now, not so much. Back at the September top, price moved sideways for a few weeks before rolling over, note the slight hump as October begins. The current top occurred a couple weeks ago or so. Well, what do you think is going to happen? On a side note, with the sequestration only 16 days away (12 trading days), this is at about the same juncture as markets were at just before the fiscal cliff deadline in December. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.
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4 comments:

  1. AnonymousFebruary 12, 2013 at 12:18 PM

    well, considering NYSI (and other indicators) ... the conclusion is obvious... 99% you are right... although there is 1% - the case where the markets keeeeee....eeep churning waiting for the can kicking solution. (the markets were trained well, no?)
    You have to consider also this option.
    V.

    p.s. please, don't you, or somebody else, get mad on me for being contrarian to your view well reasoned and argumented(as I can also see on charts!). I only try to flash all the possibilities.

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  2. Keystone SpeculatorFebruary 12, 2013 at 12:22 PM

    No worries V, different opinions are preferred. Remember, Keybot the Quant is long so that bolsters your thinking, if you see Keybot flip short, that is when you have to do some head-scratching.

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  3. ShaneFebruary 12, 2013 at 12:49 PM

    I'm not really sold on a doomsday scenario. I don't know many who are. A healthy pullback is actually better for bull markets. I do think we're due for a pullback, but not 2007 levels.

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    Replies
    1. AnonymousFebruary 12, 2013 at 1:52 PM

      @ Shane:

      this is great news! if you don't know many people thinking about a market fall - it's just great! Both in 2000 and in 2007 nobody expected those outcomes ...

      V.

      p.s. http://www.youtube.com/watch?v=4p2MuL48IKw&feature=player_embedded

      Delete

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