This was an overbought condition that substantially raised the risk levels in the market. (Yesterday, the C-RSI was below a shorter term resistance line on the NYA and below the support on the SPY ... risk levels are still rising.)

On May 12th. our C-RSI started dropping. What has happened since then?

The S&P 500 closed at 908.35 on May 12th, and it closed at 888.33 yesterday ... 2.2% lower. Yesterday, the Institutional "core holdings" Index closed 1.97% lower than it was on May 12th.

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By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

Marty Chenard Archive

Comments

Helen Bowes
23 May 09, 13:56

Did You???

The real question Marty is...did you tell your

paid subscribers to short the market??? I'm

not a paid subscriber now but I was...the

market made BIG moves and you NEVER recommended

a trade. You should hang your head in shame.

Helen

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