Wednesday 21 May 2014

Wild bulls raging

7 comments :

  1. maybe with all these markets...it seems like they go nowhere for a while.Personally,I believe it will be a down year for stocks due to the January indicator(50-60% accurate for down years and wrong 3 years ago-,the last time it predicted a down year--therefore a better chance of being correct this year).Will be watching margin debt for april in the next week or 10 days.Che-ers Bouraq...good luck to you in this sideways,frustrating market.

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  2. Thanks. I saw a chart saying the margin debt in April fell again. DId I misunderstand? The number should be out by now.

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  3. Hi Bouraq, what time frame are you using on your SPX chart?
    thanks & regards

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  4. It depends of course. This chart is 2-hourly. For short term I use 2 or 4 hourly. For longer term charts, daily or even weekly.

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  5. thanks, I am trying to replicate it , but we must have different time settings as my chart looks quite different from yours

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  6. Are you using futures charts? I'm using a CFD which works exactly like SPX (cash index) but with longer trading hours. There is difference between that one and futures. Let me know which one you use and I will check it out for you.

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  7. absolutely correct Bouraq---margin debt came out a week earlier than usual.Pretty decent drop---must be taken into account as a bearish signal.We ve had two month decreases before but usually as the market was correcting significantly(10-20%).If stocks continue to rise and next months debt #s drop again---get ready for a good selloff in stocks...in my opinion.I ll be defensive for sure now...maybe 20% stocks but ready to go all cash quickly.Cheers.

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