APR/MAY 2010

 
Visually, we have what I call a "spaghetti top" indicated by the price meandering over the pink band and under the pink band several times showing a tug of war between buyers and sellers.
Please notice also how the price first goes only under the pink band and not involving the gold band in the action, than we have more price deterioration going under the gold band and loosing momentum not reaching previous top.
Clearly just visually investors had ample time to take action for this clear top
 
here the numbers for this period:

DATE	ST	MT	LT	TT	BALANCE ST	BALANCE MT	BALANCE LT	BALANCE TT
2010-04-05	454	607	929	1990	$11,852.35	$11,850.40	$11,850.40	$11,850.40
2010-04-06	912	866	926	2704	$11,918.25	$11,916.30	$11,916.30	$11,916.30
2010-04-07	895	865	930	2690	$11,873.72	$11,871.77	$11,871.77	$11,871.77
2010-04-08	493	782	926	2201	$11,907.57	$11,905.61	$11,905.61	$11,905.61
2010-04-09	464	724	926	2114	$12,055.41	$12,053.43	$12,053.43	$12,053.43
2010-04-12	525	851	929	2305	$12,073.22	$12,071.24	$12,071.24	$12,071.24
2010-04-13	573	887	932	2392	$12,197.91	$12,195.90	$12,195.90	$12,195.90
2010-04-14	815	882	933	2630	$12,491.81	$12,489.76	$12,489.76	$12,489.76
2010-04-15	869	892	936	2697	$12,600.47	$12,598.40	$12,598.40	$12,598.40
2010-04-16	477	880	922	2279	$12,303.00	$12,300.98	$12,300.98	$12,300.98
2010-04-19	80	446	913	1439	$12,281.62	$12,279.61	$12,279.61	$12,279.61
2010-04-20	80	372	909	1361	$12,409.87	$12,407.84	$12,407.84	$12,407.84
2010-04-21	239	566	913	1718	$12,548.81	$12,546.75	$12,546.75	$12,546.75
2010-04-22	642	825	912	2379	$12,680.62	$12,678.54	$12,678.54	$12,678.54
2010-04-23	929	878	904	2711	$12,789.28	$12,787.18	$12,787.18	$12,787.18
2010-04-26	916	865	903	2684	$12,726.93	$12,724.84	$12,724.84	$12,724.84
2010-04-27	81	386	876	1343	$12,203.61	$12,201.60	$12,201.60	$12,201.60
2010-04-28	-204	-54	793	535	$12,213.94	$12,211.93	$12,211.93	$12,211.93
2010-04-29	-230	-109	665	326	$12,036.21	$12,034.23	$12,623.33	$12,623.33
2010-04-30	-271	-59	632	302	$12,518.11	$12,516.05	$12,146.04	$12,146.04
2010-05-03	-79	122	717	760	$12,147.57	$12,145.57	$12,471.95	$12,471.95
2010-05-04	-434	-356	277	-513	$12,892.58	$12,011.95	$11,718.61	$11,718.61

first weakness: Looking at ST (that concentrate on the last 5 market days), already on April 19 deteriorate to double digit positive for a couple of days and 
MT (that concentrate on the last 15 days of the market) show some weaknessfor the same couple of days.
After that we have the last move up in the market confirmed by three days of green box (TT above +2000)  and the three indicators above bull line of +800 and extreme bull line of +900.
April 27 indicators numbers was a big clue, just in one day ST went from 916 to only 81, big red flag there, next day April 28 ST/MT double indicator signal change on the same day, very bearish

LT (that concentrate on the last 45 days of the market) is always late to the party, but is a very important indicator, in the sense that if LT get involved means that really things are really chaged in the market and is not a temporary set-back.  
As stated before the last four column represent the running total of the four indicators results with a starting capital of $10000 on Feb 25, 2010, 
This triple system (with a fourth system (TT) derived by the other three systems numbers is quite valuable not only for:
 a) the various buy/sell signals generated
b) but also for the three daily system numbers and their position respect to the zero line (buy/sell line) but also their position in the scale and their position respect to +800 and above (bull area) and -800 and below (bear area)
 c) but also the interaction between the three system numbers between themselves and their position in the total scale (+1000 to -1000)
d) but also the daily changes in the numbers from previous day(s) to gage the speed of change in the market  


we suggest to visit beginning posts to learn the in-and-out of the system