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[Strohem]

I have to admit that you have grabbed my attention with the very last chart you referenced. Would you be willing to discuss it further?


Thanks in advance.



MS

[likesmoney]

Originally Posted by Strohem I have to admit that you have grabbed my attention with the very last chart you referenced. Would you be willing to discuss it further? Thanks in advance. MS

Strohem,

I would be happy to discuss the chart of NYSE % of stocks above the 50 MA or any of the charts, for that matter.

It seems to be really useful nearing the tops and bottoms of the market.

[likesmoney]

Happy Trading

[Strohem]

Originally Posted by likesmoney Strohem, I would be happy to discuss the chart of NYSE % of stocks above the 50 MA or any of the charts, for that matter. It seems to be really useful nearing the tops and bottoms of the market.

How long have you been following/using the $NYA50R, and do you used the 150 or 200R's at all?

Thanks for the reply.


S

[likesmoney]

Originally Posted by Strohem How long have you been following/using the $NYA50R, and do you used the 150 or 200R's at all? Thanks for the reply. S

I only recently began studying the 50R. I was looking for something else to help me get a handle on this intermediate cycle decline.

I haven't spent any time with the 150 or 200R, yet.


But looking at the 50R along with what is happening with the Dollar -- it does suggest that the bottom of the cycle is in.






I think the market needs to be convinced the dollar uptrend is broken before it's going to really take off.

If Bernanke hints at a continuation of QE today, that should do the trick.


The Dollar may retest the high before finally rolling over and if that happens, the Dow will likely follow suit and retest the lows b/4 going higher.


Happy Trading

[pdtpatrick]

European shares rise ahead of EU summit; banks up

LONDON, Feb 11 (Reuters) - European shares rose on Thursday for the fourth consecutive session, with banks the major gainers ahead of a key EU summit which could lay the groundwork for a rescue package of debt-stricken Greece.

By 0814 GMT, the pan-European FTSEurofirst 300 <.FTEU3> index was up 0.5 percent at 992.26 points.

Banks featured among the top performers. Credit Suisse rose 1 percent as it continued to attract client flows while sector peers have struggled, despite quarterly profits missing forecasts. [ID:nLDE61926D]

"All eyes on the EU meeting and what happens with the Greeks. It is all about a question of confidence today," said Justin Urquhart Stewart, director at Seven Investment Management.

"The markets want to see signs that Europe can stand up and have a clear path ... We are looking for clarity of thought to stop any further worries that this is not just in the peripheral economies but other European areas."

European Union leaders will lay the groundwork for a financial rescue of Greece at a summit, but any support is likely to require a big commitment from Athens on getting its economy in order. [ID:nLDE61927A]

Miners were in demand, with Rio Tinto up 3 percent after its second-half profit was well ahead of analysts' forecasts, thanks to $2.6 billion in cost cuts. [ID:nSGE6190H7]

Energy stocks also gained. French oil major Total was up 1.5 percent after it's net results for the quarter was slightly over a forecast of 2.018 billion euros made by 16 analysts polled by StarMine, a unit of Thomson Reuters. [ID:nLDE61815E] (Reporting by Joanne Frearson) ((joanne.frearson@thomsonreuters.com; +44 207 542 2773, Reuters Messaging:joanne.frearson.thomsonreuters.com@reute rs.net))

Keywords: MARKETS EUROPE STOCKS/OPEN

[Strohem]

Originally Posted by likesmoney I only recently began studying the 50R. I was looking for something else to help me get a handle on this intermediate cycle decline. I haven't spent any time with the 150 or 200R, yet... Happy Trading

Thanks for your response. I have been using that indicator--albeit in a different format--since the early '90's. I've found it very useful.

I had no idea it was available through Stockcharts until recently.


Thanks again for your response, likesmoney. I'd enjoy keeping a dialogue going if that suits you.


S

[likesmoney]

Originally Posted by Strohem Thanks for your response. I have been using that indicator--albeit in a different format--since the early '90's. I've found it very useful. I had no idea it was available through Stockcharts until recently. Thanks again for your response, likesmoney. I'd enjoy keeping a dialogue going if that suits you. S

Yes, I would also enjoy an ongoing dialogue.

I spent some time studying the 200 R:









We see a sharp up-turn on the 50 R on 2/8 and now we are about to get a MACD Crossover

We see the same set-up on the 200 R

Both the long term and short term on syncing up -- suggesting that this could be a yearly cycle low.

I expect that once the dollar does roll over -- we will see another nice run on the Dow


Happy Trading

[Strohem]

Hello.

I noticed you incorporated the 200r as well. What drew you to these charts
initially?

I had mentioned I find the 50r useful. I have used it in point and figure format
for some time and find it a valuable timing tool--coincident with another short
term indicator--when entering or exiting positions, or simply getting a sense
for pauses, resumptions or changes in trend.

In the PnF Bullish Percent Index (BPI) methodology, it is referred to as the
Percent of Ten chart--for the percentage of stocks above their ten week
moving average. The 150 and 200 dma (30 and 40 week) charts are
intermediate term in nature, and the 30 week is one I have become more
comfortable with over the 40 week chart. (The shorter periods tends to be a
bit more responsive at extreme overbought or oversold levels on the BPI
charts. By extreme, I mean at high or low BPI chart levels.)

None of these would be considered primary trend indicators. For that
purpose, the NYSE, AMEX or OTC BP’s would be the long term trend
indicators. I was pleased to learn Stockcharts provided several of them
sometime ago.

I’m going to paste a few examples I used just yesterday morning before the
open to illustrate the rare instances when short, intermediate and long term
Bullish Percent charts shared extremely oversold positions. These charts
were adjusted to end in mid March of last year. You might see the harmony
they can offer when used in conjunction with one another. Their congruent
reversals up were the opportunity of a lifetime.




Percent of Ten:
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$nya50r,pluadanr bo[p][d20090312][f1!3!2.0!!2!20]&pnf=y

Percent of 30:
(In this market turn, the Percent of 30 lagged the actual reversals up in the 10
week and primary BP by 10--12 days, but that is the nature of moving
averages… they are lagging indicators.)
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$nya150r,pluadan rbo[p][d20090323][f1!3!2.0!!2!20]&pnf=y

NYSE BP:
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$bpnya,pluadanrb o[p][d20090312][f1!3!2.0!!2!20]&pnf=y




This post is lengthy, and it imposes on your threads title and original intent.
Perhaps you’d like to begin a new one? I noticed a thread some time back
where someone had asked about BPI’s but got no response. Your work with
the 50 and 200r’s would segue nicely into that topic… fwiw… …




MS

[likesmoney]

Happy Trading