Boring and Artificial - November 8,2011

[Billy]

Forum Clusters 111108.xlsx

The title says it all. I am frankly short of new comments and ideas. I just don’t “feel” this kind of market activity. It is certainly not behaving normally. There was no rush to buy at logical support on the lowest volume day since July. Kind of like an exhausted army ready to retreat on the first alert, but pushed in the back and forced to advance by the QE liquidity incentives.

The robots are still neutral, while the multi-pivot buying and selling pressures are slightly net bullish for IWM and very bullish fo GDX. Now that WPP (73.67) has been successfully tested but without much enthusiasm, let’s watch if the intra-week scenario presented yesterday pans out into profit–taking at WR1 (76.37).
It will be so predictable and boring that I don’t even think I’ll be watching and will probably take the day off.
At this stage, the only clever thing to do is to wait for strong edges.
Billy

[buzzman]

Good Morning Billy,
Is there software or a program that calculates the clusters quickly and easily or is it just "dig it out". A program would be very useful for stocks other than IWM and GDX to supplement the typical Pivot Points indicators.
Have a good day off.
thx, bz

[Billy]

Good Morning Billy,
Is there software or a program that calculates the clusters quickly and easily or is it just "dig it out". A program would be very useful for stocks other than IWM and GDX to supplement the typical Pivot Points indicators.
Have a good day off.
thx, bz

Sure, we have our own proprietary software and it can use any ticker.
Billy

[buzzman]

Do you know of anything commercially available for just the various pivot points? bz

[Billy]

Do you know of anything commercially available for just the various pivot points? bz

Buzz, it's free from Maxime and you already asked:
http://www.effectivevolume.com/showt...pivot+software

[Andrei]

Billy,

Do you think we can go to SPX 1350s without Robot generating buy signal? It's probably impossible to know now what the statistics will be, but you can shed some light on probable outcomes if you want.

Thanks.