Date: November 2015: nysi5.png (1958×1180)

nysi5.png (1958×1180)

Summation index - - just a little overbought, maybe?

Comments

007Dad007Dad
I kept thinking we were overbought 3 weeks ago...two weeks ago...one week ago...now...I had a few doom's out just in case, but did play futes mostly upside. Goes against my fur...ya know, back of my bear hide from tail to neck kind of rub. :) I say burn it down for a while, but that stupid 2011 comparison haunts me. Although one difference is that QE is no longer in effect to couple with ZIRP. Unless the Fed resumes the juicing, maybe the markets will figure this out. 11/1/15
RayW http://tinyurl.com/z2xyct7RayW http://tinyurl.com/z2xyct7
Aw, boss. I don't wanna rain on your little happy chart, but I wouldn't get all excited just yet. 
Storm clouds are brewin', but it ain't chocolate raining just yet. 
 
Recreating what you got so you know I'm not too far off: http://tinyurl.com/omm6vlb 
Next, let's place a NYSE chart instead of SPX beneath a NYSI graph: http://tinyurl.com/pdv22vy 
Then we'll bump the SloStochs and NYSE prices up one space: http://tinyurl.com/p2vwkn4 
Then knock the weekly back to daily: http://tinyurl.com/o5xl698 
On a daily chart the SloStoch is useless and the NYSI itself ain't the be-all end-all. They're still tricksy: http://tinyurl.com/nqbwph3 
 
Now, if you insist on looking at the weekly NYSI SloStoch we can: http://tinyurl.com/qj4bxgt 
And again, it's still problematic: http://tinyurl.com/pyozlyf 
 
Top calling is harrrrrrrd. 
Bottoms are easy.  
But tops are a PITA. 11/1/15
RayW http://tinyurl.com/z2xyct7RayW http://tinyurl.com/z2xyct7
Ah, I forgot to include what wankery I did with this graph:  
"Now, if you insist on looking at the weekly NYSI SloStoch we can: http://tinyurl.com/qj4bxgt" 
Made it weekly, bumped the SloStochs down over the NYSI chart, and made the NYSI graph itself invisible so that we can see the weekly SloStoch over the performance of the NYSE. 11/1/15
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