02/24/14 – Stay Current With Tweets & Charts
02/24/14 . . . by Bob Karrow
Follow my tweets to stay current with my thinking,
There can be long intervals with no blog update. But I will tweet frequently. I’ve tweeted 25 times since my last blog update. Most of my tweets will include a chart.
If you haven’t already noticed, my charts are back online. There are more indicators than before, many coming from Decision Point. The one missing indicator from my charts is my wave counts. Wave counts will only appear in my blog.
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WAVE COUNTS
- If you aren’t familiar with my unorthodox wave counting method, there is a simple explanation at the beginning of the glossary. The glossary also contains other details that don’t appear in the blog.
TWEETS
- My tweets are like a frequent two line blog accompanied by charts.
BLOG
- My blog is published irregularly. The best way to keep updated on what I’m thinking is through my tweets.
MY CHARTS
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- Click on any image to enlarge it
- ES is SP 500 futures
- YM is DJ Industrial futures
- NQ is NASDAQ Composite futures
- All Rights Reserved © ™
- Leave me a comment just a few inches below, look for:
Leave a reply
- If you only see the following:
Comments
- Click on “Be the first to comment” and magically you’ll see:
Leave a reply
Stock-Market-Observations 
March 4, 2014 at 2:47 AM
It will be interesting to see if Terry’s M Cycle comes to be- maybe these charts will help identify that?
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March 3, 2014 at 11:04 PM
That last chart on the ADX is one of my new indicators. There are more new charts scattered around. Try the last page for a surprise.
Bob
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March 3, 2014 at 5:35 PM
Hello Bob
I just wanted to let you know that I have added a link on my site to yours, so please check that you are happy with it.
I read your updates and enjoy your commentary immensely.
Very best
Steve
tradingtheline.com
Pembrokeshire, Wales, UK
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March 3, 2014 at 9:28 AM
Thank you Sir! I like the bottom chart.
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March 3, 2014 at 8:59 AM
I didn’t realize that had happened. I copied most of my charts into the public area and that’s when it was changed.
Bob
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March 3, 2014 at 7:03 AM
Bob would you put the tick back in the ADX I am so use to watching it in that position.
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March 2, 2014 at 12:19 PM
Thanks Bob- helps.
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March 2, 2014 at 11:41 AM
I’ll put it in a tweet.
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March 2, 2014 at 11:28 AM
IN 1998 the adv/dec peaked and market kept going up until 2000
In early 2000 the adv/dec started rising and rose until 2002.25, but the market indexes were falling this entire time, this was a period where small and mid-cap stocks were doing well while large caps got hit hard
In 2000-2002 when the Adv/Decline line was rising did it exceed the 2000 high on the Dow? Could you post a chart of this? My point is that it did peak in 1998 so that is what we are looking for now before a major decline or recession ? We are not seeing that yet.
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March 2, 2014 at 10:50 AM
Ok. I am concerned that the Dow and Trans have not made new highs yet, so I guess your indicator is like the Dow Theory?
That sounds like a good analogy.
Also is that why there are no numbers on your Keltner bands on the ADX chart?
Yup. All indicator identification has been removed. I only became aware of this when I saw someone chart’s and there was nothing to ID the chart. I wondered how did he do that??? Later I saw the new box on the chart settings.
Bob
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March 2, 2014 at 10:35 AM
Ok. I am concerned that the Dow and Trans have not made new highs yet, so I guess your indicator is like the Dow Theory?
Also is that why there are no numbers on your Keltner bands on the ADX chart?
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March 2, 2014 at 10:09 AM
They’re secret so no one can steal them from me. Presently you just use them for what they’re intended, market peaks. We’re under a warning at the moment from the peak that was made at yearend. Until that peak is bettered, the market is in a warning period for sometime in the not too distant future.
I suppose I’ll identify the indicators in the blog someday, but never on StockCharts. Notice there is no identification on any of my charts anymore. Someone stole my exact formula for their put and call chart, plus more. Poor dumb me didn’t even realize that StockCharts had put a switch on the charts that you can turn identification completely off. Also they have a verbose switch and you can make identification really complete. That’s the setting I use on my own charts.
Bob
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March 2, 2014 at 6:33 AM
Black is SPX what are the colored lines?
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March 2, 2014 at 1:51 AM
Look at the charts on the last page. It’s a peak indicator only. It doesn’t appear to give any lead time on bottoms.
John Murphy gave me the idea for this. I just elaborated on his idea and gave it history for relevance.
Bob
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February 28, 2014 at 5:38 PM
Thanks Bob I was not aware that in 2000 the adv/decline rose through 2002 while the market declined . The ADX is good.
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February 28, 2014 at 5:24 PM
The adv/dec chart on stockcharts doesn’t go back any further than 1991. I’m sure I have some charts on the ad line that go back further than that, but I can’t lay my hands on them immediately. I just expanded the stockcharts out as far as they would go and commented from that.
Some interesting points:
In 1994 adv/dec and prices peaked at same time, during this time the adv/dec indicated a significant decline while prices when more or less sideways
IN 1998 the adv/dec peaked and market kept going up until 2000
In early 2000 the adv/dec started rising and rose until 2002.25, but the market indexes were falling this entire time, this was a period where small and mid-cap stocks were doing well while large caps got hit hard
In 2007.4 the adv/dec peaked before the market peaked in 2007.8
In 2009 both bottomed at the same time, March 2009
I’m glad I looked that stuff up, refreshes my memory too.
I added something to the bottom of ADX chart today that I think you’re going to like.
Bob
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February 28, 2014 at 4:54 PM
Hi Bob,
I have a question in regards to the advance/decline indicators. How often over the years have the major index’ s failed to make new highs when the advance/decline of that index does?
Thanks Michael
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