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Any updates?

The average dropoff in todays 5 day numberline for the 30 or so sectors that I follow was -4. that doesn't happen very often, especially across the whole market.

The numberlines have really deteriorated in the past 5days. I have huge dropoffs in the both the 5 days and 30 days. This market could be setting up for a flush! KBE showed some real weakness today. The QQQ'S have dropped off -12 on the 5 day in the past 5 days! Lots of signs of a...

Will be watching...Finanicals, Tech, and the chips into the end of the week. Looking for weakness in these areas. Homebuilders are holding a really nice bid, when the market bounces watch the homebuilders. They can catch a really nice bid!

SPX daily!

when we retested back at 1400 and failed, the numberlines were showing some weakness. Looking at targets for this corrective move, 1300 seems to be the level to watch....lots of technical targets lining up there. Thats only a little over 30 handles away...we could easily get there! Now if we...

The numberlines can't just be used in isolation, you have to look at everything right? So what I do is for intraday trading and short term swings I keep track of the 5 day rolling numberlines and where something is trading relative to the weekly levels. As of right now most things are right...

Pretty much...you can cite jobs data etc. But this is the run of the mill response, there isn't any specific news attached to this move. When a move happens and no on can give you a good reason for its occurrence, that move usually has some legs ;)

hmmm so looks like Fisher is bearish primarily because he said no one could tell him why it was going down...I thought he would say something like that.

Anybody interested in systems trading or would want to know a systems traders thought process check out this blog: http://acraryinfo.blogspot.com/ Lots of good info in there!

LOL..c'mon king. I trade everyday! I know we had the a couple jobs numbers come out this week! My point was...that the weakness in crude was very pronounced. Hell Crude actually led us on the way down on Thursday.

Does this just look like correlation?

Here is what I am watching on monday. Quarterly level is at sitting at the 96 level and that is also a prior swing low. On monday we need to hold the lower half of the breakdown bar if bears are in control. We will prob test the quarterly and see what happens. Above that level(100) this could...

Can you say outside week?

Does anybody see any news on the Crude drop today? I don't see anything, this is a big move and many times a move happens and no one can tell you why its usually a sign that the move can have some legs. I posted before on my bullishness on crude, well it broke out and failed through the...

Oil has added 12 points to my numberline in the past week or so...the relative change in momentum is there. Will be watching for an entry off of a failed a down in the next couple days. Oil inventories due out tomorrow so watch out for that

So do you have different sets of weekly and monthly levels? Do you recycle levels every week or use a confirmation from last week to trade this week? Just a bit unclear on what you are looking at! No need to start your own thread over a bit of disagreement lol

Dude, your levels are off. I got confirmed weeklies in NG and USO

Ok cool, do you know how they get the pivot numbers? How they calculate them??