Random thoughts on technical analysis

[orderflow13]

By alex_laxya

Ever since the beginning of the S&P500, the RSI's monthly indicator has only dropped below 30 on four occasions: 1929, 1973, 2002, and 2008.

All 3 prior instances were very close to lows.

 

[orderflow13]

Gold vs S & P500

The cost of an ounce of Gold is now greater than the S&P500; This last occurred in the early phase of the 1982-2000 bull market -- around 1984

 

[orderflow13]

By alex_laxya

VIX Moving Average

The VIX (also known as the Fear Index) hit a multi-year high of 70.90, reflecting extreme levels of emotion in the markets. We like to look at this on a 50 day moving average

VIX Deviation From 50-Day Moving Average
Readings above 15 over the last 10 years have produced significant rallies. The present reading on this indicator is 26!

1998 Reading Market Up + 27 % (3 Months Later) and + 36 % (6 Months Later)
2001 Reading Market Up + 22 % (3 Months Later) and + 22 % (6 Months Later)
2002 Reading Market Up + 14 % (3 Months Later) and + 19% (6 Months Later)

If History bears out this should be a good buying opportunity with a 3 to 6 month horizon.

 

[orderflow13]

By alex_laxya

 

[orderflow13]

By alex_laxya

 

[orderflow13]

By alex_laxya

Before i mentioned ounce of gold was lhigher than s&p, now equation is tilted in favor of s&p.
Simple logic is when gold get dearer than s&p means inverters shifting from equity market to safe heaven like Gold.In other words distrust on financial markets, that seems to be the order of the day.Now s&p is costlier. A bullish sign for equity.

 

[praveen taneja]

Alex can u tell me where can i find PSEI live chart for free one of my friend told me that nifty n PSEI are moving same for the last two mnths want to check?????????????

 

[orderflow13]

Alex can u tell me where can i find PSEI live chart for free one of my friend told me that nifty n PSEI are moving same for the last two mnths want to check?????????????

if u mean 2 say philipines stock exchng ? here is link


http://www.pse.com.ph/html/Charts/indexCharts.jsp?indexID=PSE&years=2
if u meant diff. then sorry i didnt hv idea frnd

 

[learn2trade08]

dear alex,
nifty 15 mins...looks similar to dow last night(flag),but volumes?
thanks

if u mean 2 say philipines stock exchng ? here is link


http://www.pse.com.ph/html/Charts/indexCharts.jsp?indexID=PSE&years=2
if u meant diff. then sorry i didnt hv idea frnd

 

[jatinsoni]

By alex_laxya

Before i mentioned ounce of gold was lhigher than s&p, now equation is tilted in favor of s&p.
Simple logic is when gold get dearer than s&p means inverters shifting from equity market to safe heaven like Gold.In other words distrust on financial markets, that seems to be the order of the day.Now s&p is costlier. A bullish sign for equity.

hi,
where to get the data for gold??