For April 15 2008

LBR Video Screenshot of Possible Wolfe Wave at Fridays Close

Very Long-Term Earnings (Profit Margin Bubble?)

NYSE Volume vs Previous Day

Simple EL code for

{works on 5-min chart only, note: will be wrong day AFTER a holiday shortened day}
value1=(c-c[78]);

Plot1(value1, "VolSum");

if value1 >0 then
setplotcolor(1,green)
else
setplotcolor(1,red);

S&P: 3-Days of overlapping value

Chart-1: Wednesday, Thursday and Friday’s action in the S&P has produced 3 day’s of overlapping value.



Chart-2: The S&P has come into balance at Tuesday’s (April 1st) high. If we get an increase in volume, watch for a breakout from this balance.



Chart-3: The 24-hour Globex profile for the same 3 days shows the selling tail that formed after the NFP report. Dalton states, “..auctions often end following an excess high”. It should be noted that this excess high formed in the overnight session. Trading back up through a selling tail indicates that market sentiment has changed.

SRS

sp quarterly returns

wanted to see for sp500 after a down first quarter( a la hirsh). Here are the results of a down at least -5% 1st quarter in sp and following quarter. interesting results..... irie....mindful

Date lastQ nextQ % % 3/31/1932 (9.98) (39.40) 3/31/1933 (15.46) 86.50 3/29/1935 (10.77) 21.18 3/31/1938 (19.43) 36.00 3/31/1939 (16.44) (1.09) 3/31/1941 (6.05) (0.70) 3/31/1942 (7.83) 3.62 3/29/1957 (5.49) 7.39 3/31/1960 (7.60) 2.86 3/29/1968 (6.50) 10.40 3/30/1973 (5.53) (6.51) 3/31/1977 (8.41) 2.09 3/31/1978 (6.19) 7.08 3/31/1980 (5.42) 11.90 3/31/1982 (8.64) (2.10) 3/30/2001 (12.11) 5.63 3/31/2008 (9.92) Avg (9.52) 9.05 +ive avg - 16.50 "-ive avg (9.52) (9.96) % pos - 70.59 % neg 100.00 29.41