THE DOT - if this turns orange or red be alert

Friday, February 5, 2010

Some interesting charts


Fibozachi ~ Technician's Corner

Market Internals Confirm Primary Wave 3 (DOWN)

Today's price action registered extremely bearish readings across the NYSE TICK and NYSE VOLD (Up-Down Volume Difference).

These 'extreme' readings recorded across market internals, serve as secondary confirmation that US equity markets have established a multi-week (if not multi-year) top.

"Buying pressure" played Punxsutawney Phil throughout the session and was decisively punk ~ offering up only a healthy dish of apathy with a small side of disgust, implying anything but light in store at the end of this tunnel.

Calista Flockhart-wafer-thin 'buying pressure' coupled with impulsive 'selling pressure' (reminiscent of late '08 - early '09) is a rather bearish omen for equity markets (Shanghai - check, Sensex - check, MIB - check, VIX / CDS / IG spreads across the board - hockey players around).

In our oh-so-very-humble opinion ~ equity markets are about to enter the Temple of Doom.


- Please click on any of the snapshots below to open a large, crystal-clear picture -



The following daily chart of the VOLD is taken from the 1.27.10 edition of the Fibozachi Technical Update

VOLD Previous

Here is the updated daily at session close

VOLD Daily

NYSE VOLD (1-Minute)

VOLD 1-Minute (Normal)

VOLD 1-Minute

NYSE Up Volume & Down Volume

Up/Down Volume 1-Minute 2-4

Up-Down Volume 1-Minute 1-22

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