THE SHORT-TERM MODEL BELIEVES THE TREND IS DOWN HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, finally we saw the pullback that we’ve been talking about recently. However, whether the pullback is short-term in nature or something big, we’ll have to wait and see. The only thing we could be sure is the low wasn’t in yet.
A little bullish biased toward tomorrow because today is a Major Distribution Day, so about 61% chances a green day tomorrow, almost close to random but still better than nothing.
thx,ding
Bullish percentages look better than the indices, none is down:
BPNYA up 0.15%, BPCOMPQ up 0.52%, BPSPX up 0.33% – but BPOEX, BPNDX and BPINDU are flat.
Cobra I noticed today that the money flow today was positive. How do you view this? Thanks for your time. Just trying to figure out how to use the money flow correctly.
Thanks. It’s not positive but sure not negative enough. Just it takes a few days in order for the money flow to work. i.e. If another huge down with not so negative money flow, then bears should be worried. For just one day, I won’t read too much.
ok so the DJ U.S. TSM (float) # is negative, but the Dow Jones Industrial Average # is positive. So I should be looking at the DJ U.S. TSM (float) #? Is that correct. What is the difference between the two #’s. Thank you in advance for your valuable time Master Cobra
I think Dow Jones Industrial Average is for INDU which doesn’t reflect the overall market, so I tend to ignore it.