Thread: JTH's Account Talk

Originally Posted by JTH

P&F Signal Reversed

Ohhh...now i get it.

Originally Posted by JTH

P&F Signal Reversed

Thanks, but I was just confused because on the W4500 chart, you had "bullish signal reversed" but on the Nasdaq 1000 you had "bearish signal reversed" and they were both up today. I"m pretty sure it was just a typo.

Originally Posted by DreamboatAnnie

I don't believe there was any tool that could predict it...

So I'm working on growing some...

what? i predicted it!

it helps if you rub them.

Originally Posted by Intrepid_Timer

Thanks, but I was just confused because on the W4500 chart, you had "bullish signal reversed" but on the Nasdaq 1000 you had "bearish signal reversed" and they were both up today. I"m pretty sure it was just a typo.

That is correct, when I posted the W4500 chart, it was correct with the PnF Bearish Signal Reversed, but I posted in my comments the word Bullish. Hopefully they understood that and read the chart, lucky for me I don't get paid to do this!

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NASDAQ 100 triggers a Bearish Signal Reversed (meaning the previous lower highs were broken with a Double Top Breakout) bear in mind we still have 2 lower Os, so we have yet to establish a firm uptrend. Looking at the red descending trendline, we can see we broke through some well-established resistance. The price objective is 10.45% or 41 boxes above current price.

Attachment 31685
Attachment 31686

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Transports flashed a Low Pole Reversal on Thursday (meaning half of the previous column of Os were overtaken by the current column of Xs.) This is NOT a price reversal. We have 2 lower Xs, with a disturbing 4 lower Os. Of the Indexes I track, this one is the laggard of the bunch. At current price, a bullish price objective will get triggered at 9027.3 or .42%

Attachment 31687
Attachment 31689

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Wilshire 4500 triggers a Bearish Signal Reversed (meaning the previous lower highs were broken with a Double Top Breakout) bear in mind we still have 2 lower Os, so we have yet to establish a firm uptrend. We can see we broke through some well-established resistance. The price objective is 9.60% or 37 boxes above current price.

Attachment 31690
Attachment 31691

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S&P 500 flashed a Long Tail Up (this is a confirmation of the previous Double Top Breakout triggered on Thursday) We have 1 higher Xs, with 2 lower Os. Current performance is slighter better than W4500. The price objective is 10.17% or 40 boxes above current price.

Attachment 31692
Attachment 31693

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AGG flashed a Low Pole Reversal, but the Double Bottom Breakdown from Thursday is still in effect. We have 2 higher Xs, with 1 lower O. We are still in a trading range, which is higher than the previous 2 trading ranges. In comparison, pictured in the far upper left corner, the Bond ETF TMF put in a major double top, then pulled back, but the bullish price object remains in place and it has 2 higher Xs, with 4 higher Os.

Attachment 31695
Attachment 31696

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Market Summary: Bonds flipped to a sell, while Stocks mostly flipped over to a buy.

Analysis: Watch the transports, they are lagging, it is possible they aren't decoupling from oil. For the indexes, we are close to a major double top, past performance tells us we will push through. Also, get ready for next year and be sure to monitor the December Low Indicator

Attachment 31698

Originally Posted by JTH

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AGG flashed a Low Pole Reversal, but the Double Bottom Breakdown from Thursday is still in effect. We have 2 higher Xs, with 1 lower O. We are still in a trading range, which is higher than the previous 2 trading ranges. In comparison, pictured in the far upper left corner, the Bond ETF TMF put in a major double top, then pulled back, but the bullish price object remains in place and it has 2 higher Xs, with 4 higher Os.

Originally Posted by JTH

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S&P 500 flashed a Long Tail Up (this is a confirmation of the previous Double Top Breakout triggered on Thursday) We have 1 higher Xs, with 2 lower Os. Current performance is slighter better than W4500. The price objective is 10.17% or 40 boxes above current price.

Originally Posted by JTH

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Wilshire 4500 triggers a Bearish Signal Reversed (meaning the previous lower highs were broken with a Double Top Breakout) bear in mind we still have 2 lower Os, so we have yet to establish a firm uptrend. We can see we broke through some well-established resistance. The price objective is 9.60% or 37 boxes above current price.

Originally Posted by JTH

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Transports flashed a Low Pole Reversal on Thursday (meaning half of the previous column of Os were overtaken by the current column of Xs.) This is NOT a price reversal. We have 2 lower Xs, with a disturbing 4 lower Os. Of the Indexes I track, this one is the laggard of the bunch. At current price, a bullish price objective will get triggered at 9027.3 or .42%

Originally Posted by JTH

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NASDAQ 100 triggers a Bearish Signal Reversed (meaning the previous lower highs were broken with a Double Top Breakout) bear in mind we still have 2 lower Os, so we have yet to establish a firm uptrend. Looking at the red descending trendline, we can see we broke through some well-established resistance. The price objective is 10.45% or 41 boxes above current price.

Thanks for your increased postings.