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Cycle Trading

Adding Up

0http://postimg.org/image/6yd00pf03/

Stocks printed another big Selling on Strength day today.

2 spxhttp://postimg.org/image/ze28bbm49/

Stocks already printed a big 4.858 Billion in Selling on Strength during the first daily cycle. Only 5 days into this second daily cycle an there is an additional 3.129 Billion Selling on Strength. That totals over 7.9 Billion Selling on Strength for this intermediate cycle. My studies has shown that these types of SOS numbers FAR surpass the normal numbers we see leading to an intermediate cycle decline.

Warning signals are adding up for Biotech.

2 x IBBhttp://postimg.org/image/id9h5brcj/

Biotech dropped over 4.6% today. That drop did two things. It caused Biotech to breach the 50 day MA. It also broke below the previous daily cycle low, producing a failed daily cycle.

There is bad news on the weekly chart, too.

2 y weekly ibbhttp://postimg.org/image/al4qefr5j/

Biotech peaked on week 9. This week has formed a weekly swing high and is accompanied by a bearish crossover on the weekly True Strength Indicator. This signals a weekly cycle decline. And with a peak on week 9, Biotech can trend lower for another 10 plus weeks.

4 responses to “Adding Up”

  1. JR Avatar
    JR

    what does SOS even matter when CB’s are buying all the works. Not like they’re going to sell..

    Reply
  2. macdundas Avatar
    macdundas

    So you would agree then JR that when the bottom does fall out of the sharemarket – whenever that might be – it will have been planned?

    Reply
  3. djd1968 Avatar
    djd1968

    Hello LikesMoney – One additional question – when you say “intermediate cycle”, is this referencing 2 daily cycles (or can it be more)?Perhaps this is equivalent to 6 month cycle?? Thanks for clarification. Regards, Darren   From: Cycle Trading To: darrendenn@yahoo.com Sent: Wednesday, December 24, 2014 7:38 AM Subject: [New post] Adding Up #yiv4034564224 a:hover {color:red;}#yiv4034564224 a {text-decoration:none;color:#0088cc;}#yiv4034564224 a.yiv4034564224primaryactionlink:link, #yiv4034564224 a.yiv4034564224primaryactionlink:visited {background-color:#2585B2;color:#fff;}#yiv4034564224 a.yiv4034564224primaryactionlink:hover, #yiv4034564224 a.yiv4034564224primaryactionlink:active {background-color:#11729E;color:#fff;}#yiv4034564224 WordPress.com | likesmoneystudies posted: “http://postimg.org/image/6yd00pf03/Stocks printed another big Selling on Strength day today.http://postimg.org/image/toc4toy7n/Stocks already printed a big 4.858 Billion in Selling on Strength during the first daily cycle. Only 5 days int” | |

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      The intermediate cycle is the weekly cycle. Which for gold can last last 20 weeks.

      Reply

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