Tuesday, May 31, 2011

Desi MO (McClellan's oscillator for NSE) at EOD 31 May 2011


Posted by r m at 9:09 PM

8 comments:

r m said...

Vix is digging a hole, wonder who'll get buried in that. :D

May 31, 2011 at 9:11 PM
sunblock said...

Thanks, RM.
Vix may set the fuse for a quick rally?

May 31, 2011 at 9:58 PM
r m said...

@sunblock

I am extremely poor at interpreting charts. Let us wait for Shai's torch. :)

May 31, 2011 at 10:16 PM
Shai said...

Thank you RM for the chart

2 observations

a) McClellan- Just last friday we had noted the coil in Mcclellan and called for a big move in stocks. We are up 200 points already and the McClellan is in positive territory at 36 now heading strongly towards the 80 figure

b) the declining volumes have never gone a lot below current levels in the past 4 months. Also the Vix is pointing to a lack of fear in the market. Whilst this is a sign of bullishness, the contrarian would be watching for signs of reversal coming in.As a rule, we never sail in a boat which is getting loaded one side.

May 31, 2011 at 11:42 PM
alphabet1 said...

"As a rule, we never sail in a boat which is getting loaded one side."

Wonderful phrase
Then,
How else to define a trend ?

June 1, 2011 at 6:22 AM
Shai said...

alphabet1,

In the hourly we have had a trend since last friday, but the daily is still within the balance area marked out over the weekend. For the daily we watch 5623 NF to see if we are coming out of the balance zone and into a trend for another 300 points, maybe.

RM's charts are wonderful money management tools, which show the risk of entering new longs here are not as good as they were some 100-150 points back.That being said, we are playing the trend on existing positions, but watching for "signs of reversal"

June 1, 2011 at 8:57 AM
Shai said...

Failed auction at 5546 confirmed. A neutral extreme day with close at upper extreme.

June 1, 2011 at 3:39 PM
r m said...

Failed auction at 5546

https://docs.google.com/leaf?id=0B8e3dtbFwQWUZGU5YWZhNmItMzFmMS00Y2Y5LWJjZDAtMWI2Mzk3NjUzZjcx&hl=en_US

June 1, 2011 at 3:50 PM

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