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daniel039209
Up 6 weeks in a row NDX. Thru 10dma, 100dma, 200dma I wish I had focused more ion the mini .5-1% pullbacks. But we have been on hunt for THEE high weekly. Again, ( from 2 weeks again) how do you know this is not the same situation from March of 2021 - we went up for 9 more months before peaking. And for record,the 2000 market was the most expensive market ever. SPX was >30x and NASDAQ was 74x p/e. Many people have mistaken this bear- 30% in NDX but like 8% in DJIA - for bears from 70’s,2000, 2008. It’s no compare. Those were devastating bear , not -20% SPX
srblack1960144
Using T-Theory, the Advance-Decline line oscillator “T” I mentioned a couple of weeks ago ends on February 9th. Here’s how it works, for anyone that wants to check my math:
Column J contains the data for this type of “T”. The last peak in the oscillator was on 10/28/22, cell J93 on the spreadsheet as of today (Tom periodically cuts off older data from this free spreadsheet, so it changes). Since 10/28/22, the oscillator gave a series of gradually declining peaks; that’s important to create a valid “T”.
Next, find the lowest oscillator value in column J. That was on 12/19/22, cell J128.
Now it’s just simple math. The number of rows from 10/28/22 to 12/19/22 equals row 128 minus row 93, which is 35 days. So you just count forward 35 days to calculate the end of the T, and using the spreadsheet that would be 128 + 35 = row 163, which is 2/9/23.
T’s are not precise, they’re a blunt tool, but I find it interesting that 2/9/23 is lining up with several cycles and other indicators that predict a top is imminent. How important this top will be remains to be seen. There are currently higher projections on the longer offsets, and the weekly charts are close to giving much higher projections.
Here's a link to a chart by this analyst https://ttheorygroup.science.blog/ who has the T calculated to end on 2/8/23. I think that's off by one day, but close enough: https://stockcharts.com/h-sc/ui?s=%24NYUD&p=D&st=2022-01-03&id=p30972499577&a=1346739787
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Up 6 weeks in a row NDX. Thru 10dma, 100dma, 200dma I wish I had focused more ion the mini .5-1% pullbacks. But we have been on hunt for THEE high weekly. Again, ( from 2 weeks again) how do you know this is not the same situation from March of 2021 - we went up for 9 more months before peaking. And for record,the 2000 market was the most expensive market ever. SPX was >30x and NASDAQ was 74x p/e. Many people have mistaken this bear- 30% in NDX but like 8% in DJIA - for bears from 70’s,2000, 2008. It’s no compare. Those were devastating bear , not -20% SPX
Using T-Theory, the Advance-Decline line oscillator “T” I mentioned a couple of weeks ago ends on February 9th. Here’s how it works, for anyone that wants to check my math:
T’s are not precise, they’re a blunt tool, but I find it interesting that 2/9/23 is lining up with several cycles and other indicators that predict a top is imminent. How important this top will be remains to be seen. There are currently higher projections on the longer offsets, and the weekly charts are close to giving much higher projections. Here's a link to a chart by this analyst https://ttheorygroup.science.blog/ who has the T calculated to end on 2/8/23. I think that's off by one day, but close enough: https://stockcharts.com/h-sc/ui?s=%24NYUD&p=D&st=2022-01-03&id=p30972499577&a=1346739787
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