Disqus - Latest Comments for johneeboy3

Re: Next swing support zone SPX 1860-1880

johneeboy3 — Wed, 24 Feb 2016 15:18:41 -0000

Wow! A blast from the past.
Hello!
Would I be welcome here?

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Sun, 30 Aug 2015 19:12:29 -0000

Hi there @sNAMu. Have been quietly lurking for a while but would be grateful if I could be included? Perhaps you remember me from the past? If not, I can provide references that I'm not a serial-killer or anything ;-)

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Sat, 29 Aug 2015 21:15:50 -0000

@uidezine Perhaps you misunderstood my (clearly unsuccessful) attempt to make a joke about the double meaning of the word "black list"? Arak and MLMT understood it. I thought I was being clear enough that it was a joke. I'm sorry if it confused you.

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Sat, 29 Aug 2015 19:08:57 -0000

@uidezine I got your invite and was able to access the blog yesterday. I added myself as a member on the RHS of the page as you requested. For some reason today I could not access it any more.

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Sat, 29 Aug 2015 19:06:59 -0000

@uidezine

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Fri, 28 Aug 2015 21:58:52 -0000

Hmmm I didn't realise this blog was so racist ;-)
But I guess that means I'm on the white list.... :-)

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Fri, 28 Aug 2015 19:25:44 -0000

Thanks @MLMT

Greetings, everyone

Re: UI Dezine Diary: Secret Revealed

johneeboy3 — Fri, 28 Aug 2015 17:20:49 -0000

@uidezine Greetings! I was wondering if you could give me permission to participate on your blog? I'm a long-time friend of MLMT and Arak.

Re: Why Do All Good Things Come To An End

johneeboy3 — Thu, 22 Jul 2010 06:32:40 -0000

I didn't even realise you were subscribed to my google group!

All the best, Josh

:-)

Re: Why Do All Good Things Come To An End

johneeboy3 — Thu, 22 Jul 2010 00:41:46 -0000

Farewell, Josh. I've always enjoying discussing the market with you.

Re: Postler: Elementary’s new mail client

johneeboy3 — Sun, 18 Jul 2010 20:06:13 -0000

This is an awesome idea that I hope will capture the obvious target market -- non-nerds. As a technophile myself, I won't likely be using it, but it's a much needed breath of fresh air for the less technically inclined. Great idea.

Re: Goodbye, For Now, While Seeking New Opportunities | Market Indices | Technical Analysis

johneeboy3 — Fri, 05 Feb 2010 02:51:21 -0000

Best wishes for the future, Drew.

Re: Elliott Wave Update ~ 4 February

johneeboy3 — Thu, 04 Feb 2010 20:30:32 -0000

Good work, Daneric. I appreciate the time it takes to draw charts and write commentary. Agree that we are in a third wave. Watch out below!

Re: Be Vewy Vewy Careful

johneeboy3 — Mon, 21 Dec 2009 23:29:02 -0000

I think that's good work.

Re: Be Vewy Vewy Careful

johneeboy3 — Mon, 21 Dec 2009 17:15:45 -0000

Ladies and gents,

Why am I reading these alarm bells everywhere around the blogosphere about this supposed 'decoupling' of the currencies from the equity indexes?

Of course they 'could' be decoupling, but I highly doubt it. Why? Cos The main driver of the coupling is still there, bigger 'un badder than ever - debt and leverage.

Sure that EUR vs SPX overlay chart is one way of looking at it.... and freaking yourself out.... but before you soil your jeans, please bring up a 5 year weekly chart of any of these pairs and have a good look:

SPX with inverse DXY overlaid
SPX with EUR/USD overlaid
SPX with Gold overlaid
Gold with DXY overlaid

What you will see is that major tops and bottoms can be out of sync by weeks (sometimes months), but the longer term strong correlation REMAINS INTACT.

In short, we must give these correlations more time to prove or disprove themselves.

Oh, and the fact that DXY's first leg up is extending beyond the historical statistical norms simply screams at me that this is the real deal and that the bottom that DXY recently printed was a major turning point.

Remember back in the crash of 08-09 when the SPX and DOW busted all historical retracement levels? Ring any bells?

Chillax, crew.

Re: LMAO! This is Grand!

johneeboy3 — Thu, 17 Dec 2009 00:33:06 -0000

Appalled, but not surprised.

I share your sentiments, Mr L.

Re: Price should remain

johneeboy3 — Mon, 14 Dec 2009 21:55:31 -0000

Hey Josh!

Slow me only just realised you have your own blog!

I'll keep a closer eye on it in future.

Take care

Re: McClellan's and SPX Hourly

johneeboy3 — Tue, 27 Oct 2009 20:47:18 -0000

You're welcome.

Thanks again for taking the time to analyse and count all those wiggles.

Re: McClellan's and SPX Hourly

johneeboy3 — Tue, 27 Oct 2009 20:38:48 -0000

Daneric,

Long time lurker. Thanks for taking the time to post your charts so consistently.

OK... so here's my meagre attempt to 'give back' a little. Seeing as you were discussing the McClellan Oscillator. The pre-market commentary from from sentimentrader.com (subscription required, and recommended) discussed a rare configuration in the MCO. A few excerpts from that commentary that I think will add value to your analysis:

BEGIN QUOTE:
Remarkably, the Oscillator hit a deeply oversold reading yesterday, nearly 2 standard deviations below its 70-year average. At a current level of -73, the Oscillator is giving off one of its most oversold readings since the March bottom...even though the S&P was within 1% of a new 52-week high at one point during the session.

Since 1940, this has never happened before. The S&P was never within 1% of a new yearly high on the same day the Oscillator dipped to -70 or below.

If we relax those parameters a bit and look for times the S&P was within 2% of a high, then a few precedents pop up.

...[snip graphic and table of performance results X months after the signal]

The S&P held up OK a few times over the shorter-term of a few weeks, but by two months later it was sporting a negative return every time but once. Ditto for three months out. The best-case instance from June 2003 led to a trading range that lasted about two months, with the market really going nowhere.

When we combine this with a few other studies we've looked at recently (like the spike in buying climaxes last week, the big reversal day, and the volatile breadth readings), we're seeing some toppy kind of behavior. None of them conclusively stated that the top is in and 1100 is to October as 666 was to March, but we're seeing more and more odd readings that we haven't seen during the rally so far.
END QUOTE

So... in summary... the SPX has *never* had such a low MCO reading whilst trading within 1% of a 52 week high, and in basically all cases the return after a month or more is negative (that is, the SPX declined substantially).

Interesting, IMV.

Cheers

Re: Two Red days in a row.. now what??

johneeboy3 — Thu, 24 Sep 2009 21:10:53 -0000

Nice charts, Waffle. You've come a long way.

Although I think your targets will be exceeded by a wide margin when the breakout is fully confirmed. Your targets are just the beginning.

Re: All Coiled Up

johneeboy3 — Tue, 22 Sep 2009 20:22:58 -0000

Good work, Kemal. Thanks for posting your thoughts.

Re: Commitment of Traders 09/15/2009

johneeboy3 — Sun, 20 Sep 2009 20:38:22 -0000

Very well said.

Re: $BPSXP, Apple and the Dollar Fractal

johneeboy3 — Thu, 17 Sep 2009 00:44:08 -0000

Good work, yet again.

That AAPL chart is a doozy. Agree, it has exhaustion written all over it. It'll be interesting to watch.

Re: Exhaustion Gaps

johneeboy3 — Wed, 16 Sep 2009 21:19:34 -0000

Great post, Dan.

Re: The Market is a Fractal – Sept. 15

johneeboy3 — Tue, 15 Sep 2009 22:05:08 -0000

I'm flattered... but I certainly don't feel like one and I'm not sure I have the same level of dedication as you to pick away at it down to the micro level.

I hope there aren't too many waves within waves in January 2010, as Mrs Beach and I are booked for a torrid and vigorous surfing affair on the South NSW coast. I want smooth, clean, predictable waves. Some of those in the markets would be a welcome change too. LOL.

I'm tipping that (just my luck) January 2010 will mark W3 of 3 of 3 of 3 of 3 to the downside and I'll miss most of the ride.... But if there's magnificent clean surf then I may not care!