Comments on: Jon Stewart: media pundits failed us–but I wrote last June that banks and markets looked sick

By: Dr. Wish

Dr. Wish — Thu, 19 Mar 2009 03:11:23 +0000

The T2108 is like a rubber band. When it is very low, the market is pulled very far down and tight and until it snaps back. Thus, one expects the market to rally long after the T2108 recovers to neutral territory. T2108 is a measure of an oversold or overbought market.

By: Johnny T.

Johnny T. — Wed, 18 Mar 2009 12:56:44 +0000

Dr. Wish, recently you stated “When T2108 is below 10, we can look for a rally because the market is oversold.” However, it has been above 12 and up to 22 now, and we’ve had rallies for 4 consecutive days!! It doesn’t make sense. Did you mean the opposite, when it’s ABOVE 10?. Please explain.

By: Mark

Mark — Mon, 16 Mar 2009 18:49:26 +0000

Hindsight is nice! I remember your comments on TSYS “needle on a haystack, cup and handle, etc” that’s gone nowhere yet. No one is right all the time, only sometimes. I’ve been itching to get back on the market for 3 weeks, but will wait a little longer to see if your indicators have merit. Could we be missing the boat?!

By: Beth

Beth — Mon, 16 Mar 2009 13:19:24 +0000

Maybe when someone so mainstream as Jon Stewart finally gets on the case, it’s a contrary indicator? If you count last week, then yes, auspicious timing.