More Conflicting Signals

January 2, 2019

The evidence continues to accumulate indicating that stocks have formed their daily cycle low.

Stocks printed its lowest point on day 39, placing it in its timing band for a DCL. Stocks have formed a swing low and now have closed above both the 10 day MA & the declining trend line to confirm the new daily cycle.

However stocks continue to deliver conflicting signals.

Stocks printed another large Selling on Strength day on Wednesday. So far 3 out of the 4 days for the new daily cycle printed large Selling on Strength days. We as we discussed on Tuesday, this is very similar to when stocks emerged from the last DCL. So even though it appears more and more that 12/26/18 was the daily cycle low, these large SOS numbers indicate more volatility and perhaps a retest of the recent low.

3 responses to “More Conflicting Signals”

George

January 3, 2019

Thanks for your emails.

Since the last few months I follow you by emails, thank-you so much.

I’ve one question for you, in the last chart of this email you see the SOS of 2739 in total. How can you see (say as today the selling continue) if those numbers are to 0000 ? I mean it’s gone? Please let me know Sir.

Thanks a lot.

Geurt Hoekman

Reply
1. likesmoneystudies
  
  January 3, 2019
  
  Selling on Strenght will print only on up days (if it prints)
  Not all up days will print Selling on Strength.
  
  The Selling on Strength numbers usually finalize after 5:30 PM. EST.
  
  Reply
George

January 3, 2019

Thanks for your emails.

Since the last few months I follow you by emails, thank-you so much.

I’ve one question for you, in the last chart of this email you see the SOS of 2739 in total. How can you see (say as today the selling continue) if those numbers are to 0000 ? I mean it’s gone? Please let me know Sir.

Thanks a lot.

Geurt Hoekman

Reply

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