tag:blogger.com,1999:blog-12333088.post550445631660022662..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: 4 pm UpdateCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12333088.post-59959085744149421752009-03-30T20:31:00.000-04:002009-03-30T20:31:00.000-04:00Carl, IWM has proven to be a good advance indicato...Carl, <BR/>IWM has proven to be a good advance indicator for me. To me, IWM's behavior today is indicating that, in the short-term, the trend may be up.Winhttps://www.blogger.com/profile/04040943114916173740noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-86133571283944203412009-03-30T20:24:00.000-04:002009-03-30T20:24:00.000-04:00I think it will last through this week and carry t...I think it will last through this week and carry the market down to 750 or so. Near the low I expect to see a sudden upsurge in volume, perhaps in response to some negative news. ---Carl<BR/><BR/>=====================<BR/><BR/>hmm you mean job number on friday,<BR/>you have been very spot on recently Carl with your intermediate forecastAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-86939005319140573402009-03-30T17:35:00.000-04:002009-03-30T17:35:00.000-04:00MY SENTIMENTS EXACTLY im not sure if todays lowsar...MY SENTIMENTS EXACTLY <BR/>im not sure if todays lows<BR/>are the lows of this reaction <BR/>yet the decline last the same amount of time as the initial 3 wave decline from march 23rd to march 25th . and from march 23rd high to march 25th low the decline <BR/>from the march 26th high to todays low was just a little over 1.618 times the initial move in the same amount of time as the initial move .the 5 day trin sum closed today at its most oversold reading of the past month ( not a typo )<BR/>at 9.41 , readings this high are typical in bear markets and counter trend lows , the 10 trin closed today at 1.32 moves above 1.40 are typical in pull backs yet <BR/>this past year this indicator has not been so reliable . the lindsay time spans from the may 2 2008 and the aug 11 2008 high have now been <BR/>satisfied with 332 days and 231 days repectiveley . weather tomorrow proves to be bullish or not remains to be seen yet there is now more compelling evidance to <BR/>that this decline while short term in nature is coming to an end if not all ready over .<BR/>good luck carl <BR/>joeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-9339786353484590192009-03-30T16:57:00.000-04:002009-03-30T16:57:00.000-04:00"The Art of Contrarian Trading" by Carl Futia July..."The Art of Contrarian Trading" by Carl Futia July 09Anonymousnoreply@blogger.com