Wednesday, September 9, 2009

09.09.09 - Strong Internals

Internals are strong and increasingly so, although that last volume peak has price taking pause. It's easy in hindsight to see yesterday as consolidation -- but this last up-move puts us into better defined overbought territory on the daily time frame. It will be curious to see whether and how authoritatively we can break the August swing highs just about here.

Those with Firefox browsers can see the "battle" between my live intra-day sentiment indicator and short-term overbought/ oversold oscillator to the right. More on these when I figure out how to make them cross-browser compatible.

4 comments:

fiki said...

I usaually try to follow all your post. Did I miss one with an explanation ot the browser indicators? Cant seem to find any.

jgpietsch said...

fiki, I will post one when I can make them cross browser compatible. For now, the live sentiment one is based on inter-market spreads and is a fairly powerful coincident confirming indi.

fiki said...

market, I feel "stupid" asking and that´t why the delay in my question (:D ) but what is "inter-market spreads"? A-D spread?

jgpietsch said...

Hi Fiki -- No dumb questions, only dumb answers? This should get you started as background until I get that study up. Best, Jeff

http://marketrewind.blogspot.com/2007/12/market-sentiment-system-revisited-part_09.html