$indu. Coiling markets.
Here is what is interesting about this chart. The rate of change, or speed , of this chart is arresting. In 10 days, from close to close the Dow has…
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$indu. Coiling markets.
Sold shorts. Sideways.
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 We took another look at the Qs and decided we didn't like our shorts there and so closed them. On reanalysis the trendline was not sufficiently penetrated. We also…
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Sold shorts. Sideways.
More on the eye of the storm…GLD, SLV, FXE, TLT..
As this is a compendium encompassing a number of past comments we will just display links instead of the charts. GLD gave a sell signal, but unlike recent collapses it…
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More on the eye of the storm…GLD, SLV, FXE, TLT..
Eye of the hurricane…
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441 Notice how the truism of trendlines is demonstrated here. A broken up trendline warns of an impending trend change. At this moment price is in a very interesting and…
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Eye of the hurricane…
SPX, GLD, SLV, INDU, and kitchen sink
Two crucial events here. The short term trading trendline is broken on a vicious power bar, and price is nose up against the resistance represented by the horizontal line. And…
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SPX, GLD, SLV, INDU, and kitchen sink