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HMMMM--Take Two
$pike:
Yeah, the NAZa looks like-ah she's-a gonna dive a downa, does-a she-ah? Weell, you-ah ought-a look-a at-a this-a chart-a, $pike-a.
Below is a one and a half year look at the NYA with our BIMAC Accelerator plotted against it.
The key to watch on the BIMAC Accelerator is its "Change of Direction" line. When the indicator crosses
to the upside, the NYA trends up ... when it crosses to the downside, the NYA trends down.
Sometimes, the NYA is trending in one direction, and another index is trending in the opposite direction.
Such conditions are typically environments where there is a lot of up and down market volatility due to the
divergent action of institutions.
If you look at the NYA chart below, you can see how the NYA trended every time the BIMAC Accelerator
changed its trend by crossing over the "Change of Direction" line.
Monday's Update: The BIMAC Accelerator was still on the positive side of the "Change of Direction" line,
so the institution trend was still positive ... after testing the support line last week by moving right to the
line and bouncing off.
Things aren't all roses however, as the NYA is now testing its channel's support line, and if it should fail,
it would be the most negative NYA event since last November.
[NOTE: she failed today].
Short-ah from-a here-ah; what-ah do-ah you-ah say-ah?
$pike:
Yeah, the NAZa looks like-ah she's-a gonna dive a downa, does-a she-ah? Weell, you-ah ought-a look-a at-a this-a chart-a, $pike-a.
Below is a one and a half year look at the NYA with our BIMAC Accelerator plotted against it.
The key to watch on the BIMAC Accelerator is its "Change of Direction" line. When the indicator crosses
to the upside, the NYA trends up ... when it crosses to the downside, the NYA trends down.
Sometimes, the NYA is trending in one direction, and another index is trending in the opposite direction.
Such conditions are typically environments where there is a lot of up and down market volatility due to the
divergent action of institutions.
If you look at the NYA chart below, you can see how the NYA trended every time the BIMAC Accelerator
changed its trend by crossing over the "Change of Direction" line.
Monday's Update: The BIMAC Accelerator was still on the positive side of the "Change of Direction" line,
so the institution trend was still positive ... after testing the support line last week by moving right to the
line and bouncing off.
Things aren't all roses however, as the NYA is now testing its channel's support line, and if it should fail,
it would be the most negative NYA event since last November.
[NOTE: she failed today].
Short-ah from-a here-ah; what-ah do-ah you-ah say-ah?
did OK today, and the more patient entries probably made a difference. CELL was brilliant and if it can hold these levels by week's end it will be acting very very bullishly with a chance to hit 6-year highs.
I tried to eliminate it; it was just too strong! hehe
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