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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: robert b furman who wrote (21416)1/7/2016 7:03:02 AM
From: robert b furman  Read Replies (1) of 40420
 
Where's dos when you need him?

Here are some 2cs number that I've tracked daily since dos told us how he calculates it.

5 day cumulative number for today is 101.13.

This number is in the lower range of where corrections end as dos wrote back in July last year,
"100-110 historically is where this bear market sentimeter goes at bull market minor pull back lows,

Now we may not be in a bull market pull back.

I'm still calling this a corrective flag and I can see a 5 wave decline of a C wave count fairly clearly on the spx

screencast.com

It is do or die time today or out into early next week. imho

here are the last 5 days of 2cs calculations:
16.93
18.90
22.6
20.08
22.62

With the pre market futures off like they are - it is safe to say put buying will exceed call buying today.

so we'll get a number in the 20's and we'll drop off a 16.93.

That puts tomorrow's 5 day sum in the 106-108 level minimum.

A rough Friday and we'll push 110 ish.

We are close to a reversal point or we have a bear market in the early stages.
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