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For those who don’t look at the main T-Theory chart every day. I did add a note to the Main Chart yesterday regarding a Point of Recognition: I’m sorry for the late notice on this. Keep in mind that Points of Recognition are an “art”, not a science.
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The bad news is that we will not see a Volume Oscillator T for a while. I have removed the potential of a T developing in March (posted February 9, and shown in the light purple descending dashed lines) from the above chart. That being said, the “missed” VO T through February 21 is over. We’re … Continue reading The Bad News First →
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It would be great if every miniscule move in the market was visible before it happened. But face it, that would mean the extinction of Price Discovery. Price Discovery requires reading sentiment, reading supply and demand trends, and recognizing that for any particular moment, a transaction has taken place that is acceptable to both the … Continue reading What Is The Market Telling Us? →
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That was a very quick 100 SPX point drop, with a 1/3 reversal at the end of the day. SPX -1.38% IWM -4.10% QQQ -1.55% As I posted yesterday afternoon on elliottwavetrader.net, 5029 was initial support, and it was broken shortly after that post. The following shows the hourly chart at that time, … Continue reading What Was That? →
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Some people look at relationships, and instead find coincidence. The following chart shows the relationship between SPY to both QQQ and IWM over the last 4 years. These are really not relationship charts, but rather ratio charts of SPY to each of the others. One shouldn’t think that these ratios will stay where they are, … Continue reading Talking About Relationships →
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Let me begin by stating the obvious–Bear Calls create more clicks than Bull Calls. I try to reflect what I see without bias, but I must make clear that what I am seeing requires some Bear Porridge. The main T-Theory chart is based on the MACD of Up/Down Volume. This is the tool that allows … Continue reading Something to Think About →
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It’s been an “interesting” week. One of the key concepts of T-Theory–as I pointed out last week–is when there is no T, don’t expect equities to do much better than the 10 year Treasury. Even with the sell-off of TLT on Friday, it was still up twice the percentage of the SPX. That might be … Continue reading Finding Our Way →
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If you look at the image above, the cat has a satisfied look on her face. A very satisfied one. (More on this cat later.) I’m hoping that those of you who have followed my posts since this site’s inception are feeling that same satisfied feeling. It’s once more time to review what a T … Continue reading Reaching Our Destination →
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Last week we reviewed all the T’s that have an end date of January 26. Time for strength will be over when these complete. As I noted last week, the Advance/Decline line had moved exceptionally far above its moving averages and would need to reset. This week it briefly touched support at the 20 EMA, … Continue reading And Now, the End is Near →
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We’re less than 2 weeks away from the end of a multitude of T-Theory periods of strength. There are lots of “things” happening out in the world that will affect these charts. But time is coming close to creating a new chapter, as this one is coming to an end. Advance/Decline T through January 26 On … Continue reading What Time is it? →
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T-Theory Thoughts 