tag:blogger.com,1999:blog-3285685659201746004.post9186496965206903236..comments2024-02-29T04:24:14.076-07:00Comments on Albertarocks' TA Discussions: The Hindenburg OmenAlbertarockshttp://www.blogger.com/profile/01012817858746684681noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-3285685659201746004.post-61001516835530215002014-11-27T23:12:38.256-07:002014-11-27T23:12:38.256-07:00moncler, links of bvgfdbfgb london uk, moncler, mo...<a href="http://www.doudoune--moncler.fr/" rel="nofollow">moncler</a>, <a href="http://www.linksoflondon.me.uk/" rel="nofollow">links of bvgfdbfgb london uk</a>, <a href="http://www.moncler--outlet.it/" rel="nofollow">moncler</a>, <a href="http://www.monclerjacketsoutlet.in.net/" rel="nofollow">moncler outlet</a>, <a href="http://www.juicycoutureoutlet.jp.net/" rel="nofollow">juicy couture outlet</a>, <a href="http://www.uggs-canada.ca/" rel="nofollow">uggs canada</a>, <a href="http://www.moncler-jackets.com/" rel="nofollow">moncler outlet</a>, <a href="http://www.supra--shoes.com/" rel="nofollow">supra shoes</a>, <a href="http://www.doudoune-canadagoosepascher.fr/" rel="nofollow">canada goose pas cher</a>, <a href="http://www.hollister-canada.ca/" rel="nofollow">hollister canada</a>, <a href="http://www.louboutinscarpe.it/" rel="nofollow">louboutin</a>, <a href="http://www.hollister-clothing-store.com/" rel="nofollow">hollister clothing</a>, <a href="http://www.baseballbats.in.net/" rel="nofollow">baseball bats</a>, <a href="http://www.iphonecases.in.net/" rel="nofollow">iphone 6 case</a>, <a href="http://www.toms-shoes.in.net/" rel="nofollow">toms outlet</a>, <a href="http://www.canada--goose.se/" rel="nofollow">canada goose</a>, <a href="http://www.swarovski-uk.me.uk/" rel="nofollow">swarovski uk</a>, <a href="http://www.replica--watches.me.uk/" rel="nofollow">replica watches</a>, <a href="http://www.cheap-weddingdresses.co.uk/" rel="nofollow">wedding dress</a>, <a href="http://www.juicycoutureoutlet.in.net/" rel="nofollow">juicy couture outlet</a>, <a href="http://www.timberlandboots.in.net/" rel="nofollow">timberland shoes</a>, <a href="http://www.converse--shoes.com/" rel="nofollow">converse shoes</a>, <a href="http://www.parajumpers.in.net/" rel="nofollow">parajumpers outlet</a>, <a href="http://www.pandoracharms.in.net/" rel="nofollow">pandora jewelry</a>, <a href="http://www.borse-gucci.it/" rel="nofollow">gucci</a>, <a href="http://www.moncler-online-shop.de/" rel="nofollow">moncler</a>, <a href="http://www.abercrombie-hollister.it/" rel="nofollow">hollister</a>, <a href="http://www.moncler--jackets.co.uk/" rel="nofollow">moncler</a>, <a href="http://www.thomassabouk.me.uk/" rel="nofollow">thomas sabo uk</a>, <a href="http://www.swarovskijewelry.in.net/" rel="nofollow">swarovski jewelry</a>, <a href="http://www.nike-airmax.nl/" rel="nofollow">nike air max</a>, <a href="http://www.pandora-jewelry.in.net/" rel="nofollow">pandora charms</a>, <a href="http://www.vans-scarpe.it/" rel="nofollow">vans</a>, <a href="http://www.montrepas-cher.fr/" rel="nofollow">montre femme</a>, <a href="http://www.occhiali--oakley.it/" rel="nofollow">oakley</a>, <a href="http://www.pandoracharmsuk.me.uk/" rel="nofollow">pandora uk</a>, <a href="http://www.louisvuittoncanada.ca/" rel="nofollow">louis vuitton canada</a>, <a href="http://www.karenmillen--dresses.co.uk/" rel="nofollow">karen millen</a>, <a href="http://www.converse-all-star.it/" rel="nofollow">converse</a>, <a href="http://www.nike-air-max.it/" rel="nofollow">air max</a>, <a href="http://www.ray--ban.it/" rel="nofollow">ray ban</a>, <a href="http://www.sac-lancelpascher.fr/" rel="nofollow">lancel</a>, <a href="http://coachofficialsite.blog.com/" rel="nofollow">coach outlet</a>, <a href="http://www.polo-ralphlauren.it/" rel="nofollow">ralph lauren</a>, <a href="http://www.canadagoose.me.uk/" rel="nofollow">canada goose</a>, <a href="http://www.moncler-jacka.com/" rel="nofollow">moncler</a>, <a href="http://www.ugg-australia.it/" rel="nofollow">ugg</a>, <a href="http://www.canadagoosejakkernorge.net/" rel="nofollow">canada goose</a>fbfgnbnoreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-76223411766001688792012-05-15T22:29:44.884-06:002012-05-15T22:29:44.884-06:00Paracord 550 is a highly versatile
multi-filament ...Paracord 550 is a highly versatile<br />multi-filament nylon cord. Buy the paracord only at paracord550.netparacord550http://paracord550.net/noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-43029939613534352792012-03-05T13:29:38.631-07:002012-03-05T13:29:38.631-07:00Thanks for the update AR...I was worried about ya....Thanks for the update AR...I was worried about ya...it's not like you to be so quiet :)Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-68452956071355335012011-12-29T14:09:31.329-07:002011-12-29T14:09:31.329-07:00Well today produced very similar results as yester...Well today produced very similar results as yesterday did. The NYSE ended up with 110 new highs and 34 new lows. These numbers show without any doubt that the market is right where it needs to be for a signal to happen. One of these days it most likely will at this rate.<br /><br />Stay tuned because we monitor this situation every day until either the HO issues a signal or the threat of a signal dissipates in a big way. Or, as is sometimes the case, the HO becomes neutered due to a rule violation and goes offline... unable to issue a signal no matter what. If that were to occur, I report that also.<br /><br />In fact, that possibility is unfortunately all too real, and will become a big issue, especially around Jan. 9th. So stay tuned.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-16171186711898999532011-12-29T10:30:59.513-07:002011-12-29T10:30:59.513-07:00From the perspective of the HO, today is pretty mu...From the perspective of the HO, today is pretty much developing as a mirror of yesterday. The number of new highs appears to have stalled out at 85 (which is the minimum required... it's enough) with 28 new lows. In spite of the upward movement today there are also 126 'additional' stocks that are within 2% of reaching a new low of their own, So the stage is set. All we can do is to continue to monitor it. Stay tuned :-)Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-59882234749851592192011-12-28T14:11:19.733-07:002011-12-28T14:11:19.733-07:00Well the day ended pretty much as a non-event as f...Well the day ended pretty much as a non-event as far as the HO is concerned, other than the fact that the market is still hovering right where it needs to be in order for a signal to be possible.<br /><br />It ended up with 115 new highs and 46 new lows. Tune in tomorrow if you have time because if the HO is ever going to issue a signal, these are the right market conditions for it.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-51479016105197941402011-12-28T12:05:31.734-07:002011-12-28T12:05:31.734-07:00I might as well give a bit of an update because th...I might as well give a bit of an update because the HO is again rumbling. As of this moment, with a little over 2 hours to go in the trading day, the numbers for the new highs and lows are as follows (with about 85 required):<br /><br />New 52 week highs - 106 and stalled out<br />New 52 week lows - 37 and climbing 'very' slowly<br /><br />Right now there are also 'another' 112 issues that are within 2% of attaining a new low of their own. So seeing a signal be issued today is definitely within reach. I'm not sure it will happen though considering that the broader markets are already down by about 1% on the day. Some are down quite a bit more though, such as the $CRX (commodities only stocks) which is down 2%, the implications of which are quite deflationary. That's one of the components of a study I've been working on that will be published Jan. 3rd on <a href="http://econintersect.com/b2evolution/blog3.php/2011/11/08/top-twenty-investing-blog-2q-3q-2011" rel="nofollow"><b>Global Economic Intersection</b></a>. Pay no attention if a page opens up suggesting that it's "forbidden". Just hit the link that says "bypass this message". Never could figure out what that is all about.<br /><br />In fact, the upcoming article is a follow-up to the article at the top of the list shown in the link. A whole lot has happened in the 7 months since the original article was published and the implications seem to be pretty darned deflationary. Watch for it if you have a mind to.<br /><br />In any case, feel free to stay tuned to 'this' post too, since the market is currently exhibiting all the right symptoms for an HO signal to be issued. As I mentioned, I kind of doubt it happens today but at least we know the conditions are prime.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-59298148340562348402011-12-21T15:53:45.138-07:002011-12-21T15:53:45.138-07:00Well the day ended up being a total non-event from...Well the day ended up being a total non-event from the perspective of the HO. Stay tuned because we're monitoring it every day.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-21269275638994580922011-12-21T09:19:34.140-07:002011-12-21T09:19:34.140-07:00Well today it appears we're going to see the m...Well today it appears we're going to see the market perform the exact opposite of what it did yesterday. Here's a huge difference though:<br /><br />Yesterday the markets gapped way higher at the open, giving little chance for the new 52 week lows to develop. Then the market just continued higher from there. Today, the market clearly appears destined to finish lower *but the required number of new highs has already been attained*. With 117 stocks within 2% of a new low, the odds of seeing that signal today are FAR greater than they were yesterday.<br /><br />New highs currently at 99 (and that's enough)<br />New lows currently at 21 (with 84-85 required)Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-10339083509230054552011-12-20T12:39:17.206-07:002011-12-20T12:39:17.206-07:00Well I think that's about all we have to see f...Well I think that's about all we have to see for today kids. The number of new 52 week highs has stalled right out at 113 and the NYSE has only generated 21 new lows so far. There are another 130 stocks within 2% of a new 52 week low in spite of today's rally. So the markets are 'still' hanging out right in the HO's wheelhouse although it would take a complete unwinding of today's ramp job to see it today. In any event, it's possible to get a signal any day when the internals are this polarized. Maybe tomorrow, maybe the next day and maybe not at all. We just have to monitor the status and see what develops.<br /><br />By the way, any reports you might have seen last night about the HO issuing a signal are bogus. Plain and simple, it DID NOT go off yesterday. We use the proper HO rules on this site, not the old rules which were thrown in the garbage at least two years ago.<br /><br />Stay tuned... I'll keep reporting right here as the need arises.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-40712704173719594192011-12-20T09:28:01.978-07:002011-12-20T09:28:01.978-07:00Ok, the minimum number of required new 52 week hig...Ok, the minimum number of required new 52 week highs has been attained having hit 91. It could climb much higher as well with a ton of stocks within 2% of reaching that level themselves.<br /><br />There are also 130 stocks within 2% of attaining a new 52 week low on top of the 18 that have hit a new low this morning so far. It's certainly a dynamic situation so we'll continue to keep our eye on it. But the odds of seeing a signal today appear to be very low.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-19693091250176480782011-12-20T09:12:27.467-07:002011-12-20T09:12:27.467-07:00Well what a glorious opening gap the markets put i...Well what a glorious opening gap the markets put in today. We'll be able to see throughout the day how much of an effect it will have on the market internals. Yesterday the market had a difficult time attaining the required number of new 52 week highs. Today it might be the new lows that don't quite make the minimum requirement. We saw this flip-flopping happen on a regular basis back in April of 2010 just before the flash crash.<br /><br />So far this morning, the NYSE has generated:<br /><br />82 new highs and<br />17 new lows<br /><br />Approximately 85 of each will be required. That number fluctuates slightly throughout the day. We'll keep you informed right here as the day progresses.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-6288528799513428272011-12-19T22:43:35.056-07:002011-12-19T22:43:35.056-07:00Great comment Greg. My apologies for taking a whil...Great comment Greg. My apologies for taking a while to get back to you... was at work after the markets closed. I have Tuesdays and Wednesdays off most of the time but tomorrow and Wed. I just absolutely "have to" get the re-write of the $CRX article done. It's evolving pretty much as I suggested back in May that it would. It has developed into a pretty darned exciting chart and I can barely wait to share my findings with the blogosphere. John Lounsbury is really looking forward to publishing it.<br /><br />But for the first time ever, I guess I have my own place to assemble an article. Prior to this I have put articles together on somebody else's site, like Seeking Alpha for example or Michael Eckert's EW Trends and Charts. Eckert is one hell of a good guy:<br />http://elliottwavetrendsandcharts.com/albertarocks-2/<br /><br /><br />So I guess I'll put it all together on this blog but will let Lounsbury have access to it immediately. Man, that guy has been one staunch supporter of yours truly. He really likes my type of work for one reason or another, and he was one of the people who encouraged me to write. Over the past two years, several people had encouraged me to write but I had no inclination to do so whatsoever. I probably lacked confidence as well since I'd never written anything since my college days. But I eventually tied a few articles and Lounsbury published them. Turns out they were a big hit, much to my total shock and awe. <br /><br />Lounsbury told me that one time he priced homes in his area in gold and all his friends thought he was nuts, lol. So he understands the ratios style of analysis pretty darned good. He's one great guy too. A great contact for me.<br /><br />Anyway, the point I'm getting at is that if I'm going to put together a currencies blog, it'll unfortunately have to wait until I've finished writing the next article (which I will hopefully find time to do tomorrow and/or Wednesday). But with all the HO things going on, even that might be a tough nut to crack. I'm bizzy, lol.<br /><br />Glad you could make it back here. It's a lovely quiet spot. I'm not nuts about the a couple of things though (such as: it doesn't thread properly like we're used to and the links are static... we have to copy and paste 'em if we want to see what it's pointing to).<br /><br />But it's a work in progress... a learning curve.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-27558008352581581692011-12-19T20:28:55.490-07:002011-12-19T20:28:55.490-07:00P.S. I meant to say your commodity article would h...P.S. I meant to say your commodity article would have a very good data point in December's experience.GregInBaltimorehttps://www.blogger.com/profile/00179558755055749264noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-83350973200513266162011-12-19T20:27:44.521-07:002011-12-19T20:27:44.521-07:00Hey Albertarocks, it's taken me awhile to get ...Hey Albertarocks, it's taken me awhile to get back here. My kids are home and my wife has been on the computer with your blog stored handily in the favorites. The other computer has google which can't find your blog. Glad to be back to read your HO updates ... it sounds very close. Like a ticking bomb.<br /><br />Hey, I like your idea to do a currency article quite alot. I think currencies are just key here, and many investors don't follow them, but they are key indicators to the story this time around. That's why I figured I better start following them. I think they are less confusing than the index which has become a complete mess to count as far as EW's go (because it's so damned manipulated). No one would dispute that one, eh?!<br /><br />I follow two main ones closely ... AUD/USD and EUR/USD. And I keep USD/JPY on the back burner. I probably should follow AUD/JPY. I think the dollar/AUD carry trade unwind and the impending rate cut that DK mentions in Aussieland make shorting AUD/USD almost a sure thing (timing is everything tho). I've mentioned I think there is a fortune to be made there. And EUR/USD is a key indicator for getting a read on the perception of health of the Euro. <br /><br />As TBONE says, we're all currency traders now with the dollar threatening to spike. Still above 80! It's in breakout mode (nothing else is).<br /><br />Hey, your currency article is probably got a key month here in December with silver and gold threatening to puke!<br /><br />Anyway, great to have a place to find you and your insightful market musings. Always great contributions. Thanks, I like your office! It's nice in here. Bet BoboM will like the troll-free atmosphere! Happy holidays to you and your family!<br /><br />P.S. I finally arrived and got a blog posting flogged at Daneric's. That was the one pointing out that the AUD/USD was just under the middle bollenger band for the weekly ... a picture-perfect end of the b-wave of the minor-3 wave. Got nervous before sleeping Sunday night last week and pulled my short order. Would have been worth 400 pips. But I got 100 of them anyway at 40:1. Live and learn (should have placed a stop and let it run). But I knew from you ... when those postings get flagged, it means it's right on ... and someone doesn't want anyone else seeing the trade.<br /><br />Thanks for the HO information, and the info on the 10/80 cross!GregInBaltimorehttps://www.blogger.com/profile/00179558755055749264noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-85067149677348620892011-12-19T14:28:47.376-07:002011-12-19T14:28:47.376-07:00Same time, same place tomorrow.Same time, same place tomorrow.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-84931120997031402452011-12-19T14:12:33.589-07:002011-12-19T14:12:33.589-07:00AFTER THE CLOSE:
The NYSE ended the day having ge...AFTER THE CLOSE:<br /><br />The NYSE ended the day having generated 77 new 52 week highs with 85 required. By the old rules, the HO would have triggered since all other conditions have been fulfilled. But the old rules are just that... old, in the garbage. We HAVE TO use the new rules in order to declare a legitimate signal. I simply refuse to contribute to the plethora of false signals out there by declaring that a signal has been issued. IT ABSOLUTELY HAS NOT.<br /><br />Nevertheless, all of us can plainly see what the HO is telling us, that the market is at a rarely seen level of polarity. Do with that information as you see fit. And to ignore it completely is absolutely your right. I'm just your friendly reporter... I'm not here to preach any gospel to anybody. Emphasis on the word 'friendly', lol.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-62548730355001102962011-12-19T13:41:23.202-07:002011-12-19T13:41:23.202-07:00With the little breakdown we've seen in the la...With the little breakdown we've seen in the last hour and with new highs stuck at 74 with 86 now required, the HO may refuse to issue an official signal today. It's too bad because by the old rules the HO would have issued a signal a few moments ago.<br /><br />No doubt we're going to be seeing all kinds of sites now declaring that an HO signal has gone off, and every single one of them would be dead wrong. With the correct rules, it's still possible that a signal will be issued today but I highly doubt it now. That would be so unfortunate because this is the exact reason why there are so many who scoff at the HO (and at me for even reporting about it).Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-68136965174475463762011-12-19T13:22:53.964-07:002011-12-19T13:22:53.964-07:00With the little breakdown we've seen in the la...With the little breakdown we've seen in the last hour and with new highs stuck at 72, the HO may refuse to issue an official signal. It's too bad because by the old rules the HO would have issued a signal a few moments ago.<br /><br />No doubt we're going to be seeing all kinds of sites now declaring that an HO signal has gone off, and every single one of them is dead wrong. With the correct rules, it's still possible that a signal will be issued today but I highly doubt it now.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-221656951528457212011-12-19T10:37:25.175-07:002011-12-19T10:37:25.175-07:00Geez... as we saw so many times during the run-up ...Geez... as we saw so many times during the run-up in April, 2010, we so often see either the new highs or the new lows stalling out just short of what is required to satisfy the HO's strict requirements. Of course that's also what makes it a seriously good indicator, it doesn't screw around with false signals.<br /><br />Today, the number of new highs is the culprit. The market just can't quite generate 'em. We're still stuck at 66 with 83 required. But I think all of you get the picture now. The market is very, very polarized... very dangerous. That alone is a nice benefit of watching the HO like I do. It makes one focus on this particular area of the market internals matrix.<br /><br />I'll also publish a short article the moment the HO goes off, so watch for it over on the right panel in the blog archive.<br /><br />Stay tuned here as well... we're just waiting, lol.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-64022285856583683152011-12-19T09:57:48.130-07:002011-12-19T09:57:48.130-07:00The required number of new lows has been attained....The required number of new lows has been attained. All the market has to do now is to generate 17 more new 52 week highs and the HO will go off.<br /><br />If that were to happen, if those last remaining new highs are attained, we'd have to see how that occurred. If it occurs due to a sudden spike in the markets, then the question becomes "is the McClellan Oscillator negative on the day?" In other words, what is breadth doing? Are there more advancers or decliners? We'll just have to wait it out and see, but we're currently about as close as we can get without a signal being issued.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-13768637066468175972011-12-19T08:48:37.806-07:002011-12-19T08:48:37.806-07:00Ok, things are ticking along just about right. Wi...Ok, things are ticking along just about right. With a little over an hour gone in the trading day the NYSE has already generated <br /><br />57 new highs<br />42 new lows<br /><br />Without stepping out on a limb too far, I'd have to say that the odds of the HO going off today are pretty high. Mind you, early in the day on Thursday and Friday the same thing could be said. But those two days ended up producing relatively close misses. In fact, on each consecutive day last week the HO came closer and closer to signalling, but didn't quite make it.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-77300402500939455152011-12-19T08:00:03.408-07:002011-12-19T08:00:03.408-07:00Stay tuned today friends. The HO is once again off...Stay tuned today friends. The HO is once again off to a fast start... insofar as that we're already seeing more than half the number of required new highs with new lows just chomping at the bit to join the party. In the first 25 minutes we're looking at:<br /><br />49 new highs<br />25 new lows<br /><br />The market will need to generate 85 of each in order to trigger an initial HO signal. There are other rules of course, but there is only one that we'd need to confirm later in the day which refers to the direction of the McClellan Oscillator. But once again, there is no question that the markets are exhibiting the perfect atmosphere for a signal.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-80583798557646649362011-12-16T14:05:35.417-07:002011-12-16T14:05:35.417-07:00Well folks, I gotta run. Like right now, lickety ...Well folks, I gotta run. Like right now, lickety split now that the market has closed. It ended up generating highs and lows as follows, with 85 of each required:<br /><br />75 new 52 week highs and<br />62 new 52 week lows<br /><br />This is very similar to what happened throughout the month of April, 2010 until finally, one week before the flash crash and on the morning of the flash crash, we saw the HO miss by 2 or 4 issues. That was plenty close enough for me and I was plenty short for the flash crash. So were my followers at Seeking Alpha... those who believed in its importance that is.<br /><br />Have a great weekend and I'll see you on Monday when we'll pick up where this story left off. In the meantime, feel free to comment throughout the weekend if you have a mind to.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.comtag:blogger.com,1999:blog-3285685659201746004.post-46682682831496894202011-12-16T13:28:02.256-07:002011-12-16T13:28:02.256-07:00Well with less than an hour to go in the day it lo...Well with less than an hour to go in the day it looks like we might end up with yet another squeaker, one that's going to end up being even closer than yesterday. At the present time we would need to see 84 new highs and 84 new lows at the minimum. Currently there are:<br /><br />71 new highs and<br />58 new lows<br /><br />In case anybody out there is of the impression that the required number of new lows is too far away to attain, just keep in mind that on top of the 58 already established today, there are another 145 hiding just around the corner. Every single one of them is less than 2% away from their own new 52 week low.<br /><br />With Goldman Sachs down 2% for the day and at the low of the day, and down more than 11% for the week, it's pretty hard to argue for the bullish case.Albertarockshttps://www.blogger.com/profile/01012817858746684681noreply@blogger.com