We have had a range day without any MF/Price divergence.
I would however like to point out that materials have been attracting money all day today (fertilizers, base metals)
Pascal
[ATTACH=CONFIG]11540[/ATTACH]
Printable View
We have had a range day without any MF/Price divergence.
I would however like to point out that materials have been attracting money all day today (fertilizers, base metals)
Pascal
[ATTACH=CONFIG]11540[/ATTACH]
Money not moving back in yet.
None of the price bounces were supported by a good positive MF.. yet.
Pascal
[ATTACH=CONFIG]11559[/ATTACH]
Please let us know when the BUY programs kick in (or when the SELL programs devour my position)....
Many thanks,
Nickola,
I can't comment on the RT 20d MF signal, but my automated bot on TZA just closed my open positions due to a strengthening of the $TICK off the lows of the day.
Regards,
pgd
[ATTACH=CONFIG]11565[/ATTACH]
oh boy, massive sell hit. breaking the channel, taking out stops.
I know... amazing. I'm out (darn) and my rules prevent me from getting back in today, but wow, what a drop.
I trial ballooned some TNA at SS3 and THAT was a mistake... :oP Trial balloon popped -- out with a 1% loss. I'm waiting for it to come back a bit before attempting again...
Regards,
pgd
patient as my mom watching "The Days of Our Lives."
[QUOTE=nickola.pazderic;18798]patient as my mom watching "The Days of Our Lives."[/QUOTE]
Finally a little bounce?
[ATTACH=CONFIG]11567[/ATTACH]
Hi Pascal, Billy, and all Trading Wizards,
Do you'all put any stock in magical Fibonacci retracements:
[ATTACH=CONFIG]11568[/ATTACH]
People are noticing the break of the 50% retracement here on the SPY.
[QUOTE=nickola.pazderic;18800]Hi Pascal, Billy, and all Trading Wizards,
Do you'all put any stock in magical Fibonacci retracements:
[ATTACH=CONFIG]11568[/ATTACH]
People are noticing the break of the 50% retracement here on the SPY.[/QUOTE]
Absolutely. Not so much in market mechanics, but because people believe and code their systems to the Fib numbers.
This is why you see GGT MAs of 2,3,5,8,13,21,34,55...
As an aside, I note that the SPY finished below the YPP and that IWM finished below SS3, with the Q's significantly below QPP and SS1. These are now[I] significant [/I]resistance levels....
[ATTACH=CONFIG]11569[/ATTACH]
[ATTACH=CONFIG]11570[/ATTACH]
[ATTACH=CONFIG]11571[/ATTACH]
Make it a great Thanksgiving all.
Regards,
pgd