Saturday, May 8, 2010

Exhaustion Watch: Change of Market Character

Our daily Analysis showed this on Friday morning after the carnage on thursday....

What we can see at first sight is the clear bifurcation of the Market. (I marked the key trend gages for you in white on blue).

Summary:
  • most trend gages turned (MACD, MONEY FLOW, Active Boundaries Trend...etc)
  • most followed the state of exhaustion
  • most experienced a 'Candle Signal' (3-5 Bar Signal)
  • most also experienced a confirmed break down of the daily trendlines and some of the weekly as well
  • some Tickers saw the Money Flow positively and negatively correlating with the price in the -20 or +20 days category whichs means exhaustion
  • the TDSQ (TomDeMark Sequential) had already started to (front-) run on the daily counts and is extremely exhausted with the weekly counts (9 Weeks+)

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