“Let Me Count The Ways”

Pablo Ruiz or Pablo Ruiz Picasso (born October 25, 1881, Málaga, Spain—died April 8, 1973, Mougins, France), Spanish expatriate painter, sculptor, printmaker, ceramicist, and stage designer, was one of the greatest and most-influential artists of the 20th century and the creator (with Georges Braque) of Cubism.

The enormous body of Picasso’s work remains, and the legend lives on—a tribute to the vitality of the “disquieting” Spaniard with the “somber…piercing” eyes who superstitiously believed that work would keep him alive. For nearly 80 of his 91 years, Picasso devoted himself to an artistic production that contributed significantly to and paralleled the whole development of modern art in the 20th century.

==============================

“What has been will be again. There is nothing new under the sun.” Ecclesiastes 1:9

“What happens today has happened before and will happen again.” Livermore

“Rather than love, money, or fame, give me the truth.” Henry David Thoreau

=======================

Answering The $Billion Question

The Opportunity of a Lifetime

92 Years Of McClellan Summation History 

Tipping Point for the Ages

=======================

Tracking Account Value: 3,585,647

Intermediate-Term: ~ downtrend

LOLR Trend: ~ downtrend

Tracking Account: 15% UVIX, 20% TZA, 22% SPXU, 15% SQQQ, 28% Cash

Stop UVIX 5.78 

===================

Tuesday: 4:00:

Daily  LOLR   STS

Up    Down   Down

1/6     0/7      2/5

Breadth: -1322/-1873

NYMO: -21.02 Falling/NYSI Falling

NAMO: -13 Falling/NASI Falling

===================

Last week we laid out our trading plan like this:

“We expect to build to a full-on short position over hours or days ahead, but the following confirmations we need to see are these:

  1. LOLR Sentinels in Downtrend (they are currently 3/4 still in an uptrend)

  2. The NYSE Summation index- NYSI- (see first chart below) DECLINING

  3. The NASDAQ Summation Index- NASI- DECLINING (same chart below)

NYSI will begin declining when NYMO goes negative- and NASI will begin declining when NAMO goes negative. BOTH are moving toward negative readings today.”

All of that occurred TODAY, and we are following the plan accordingly.

========================

How do we know that the markets are in a downtrend? “Let me count the ways.”

As of TODAY:

  1. NYMO is now negative

  2. NYSI (NYSE Summation Index) is Declining

  3. The NYMO Daily Sentinel produced a Sell Signal

  4. NAMO is negative

  5. NASI (NASDAQ Summation Index) is Declining

  6. The NAMO Daily Sentinel had a Sell Signal

  7. The LOLR Sentinels made a Downtrend Signal

Confirmations 1, 2, and 3 are contained on this chart through today’s close at the dashed vertical line at the right extreme of the chart area:

Confirmations 4, 5, and 6 are contained on this chart through today’s close at the dashed vertical line at the right extreme of the chart area:

Confirmation 7- LOLR Sentinels produced a Downtrend Signal as all Seven went to D/T together at 10 AM today:

LOLR 1&2 (NYMO and NYSI):

LOLR 3&4 (NAMO and NASI):

LOLR 5 (Inverse VIX):

LOLR 6 (Inverse VXN):

LOLR 7 (BPSPX):

The above Seven Signals have guided Seven Sentinels into aligning with the emergent TREND by moving thus far to 72% committed to short positions. We will likely significantly increase our UVIX tomorrow as we become 100% committed.

The VIX chart is tracking the 2008 analog perfectly thus far, and we’ll examine that tomorrow.

Special Offer: One Week of Seven Sentinels for One Dollar

We Update Intraday Breadth and NYMO Data Several Times Daily @sevensentinels on Twitter. This data is available to any who may wish to follow us there.

SiteLock