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03/18/2017 Weekend Update
03/18/2017 Weekend Update
Smart money no extreme short yet so should still be some up rooms.
How I use the chart:
I don't care what's the logic behind the chart. I found it works in the following two cases:
1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises sharply from very negative value, then I know the pullback was over.
So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.
How I use the chart:
I don't care what's the logic behind the chart. I found it works in the following two cases:
1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises sharply from very negative value, then I know the pullback was over.
So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.
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Re: 03/18/2017 Weekend Update
don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2397
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Re: 03/18/2017 Weekend Update
Summary of the week's stock picks:
viewtopic.php?f=10&t=2391&p=238635#p238635
viewtopic.php?f=10&t=2391&p=238635#p238635
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Subscribers can find all the members only posts HERE.
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Re: 03/18/2017 Weekend Update
The next week's stock picks are here:
viewtopic.php?f=10&t=2399
viewtopic.php?f=10&t=2399
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Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Re: 03/18/2017 Weekend Update
Weekly sector charts
XLF FINANCIALS GOT CRUSHED
Or did they?
Glance at the 1min/5min, and compare that with the daily/weekly on XLF
[scratching head]
Is it a P-Bar?
No, I believe it is a misprint on the daily/weekly
Anyone?
XLF FINANCIALS GOT CRUSHED
Or did they?
Glance at the 1min/5min, and compare that with the daily/weekly on XLF
[scratching head]
Is it a P-Bar?
No, I believe it is a misprint on the daily/weekly
Anyone?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 03/18/2017 Weekend Update
Dr Al,
It was a candle with a long lower wick on the one-minute chart at the very end of the day.
I was not able to save and paste a copy here for you.
Perhaps you can PM Mr Miyagi to get a copy of his one-minute chart for you from his system.
Other than that, XLF was not traded ex-dividend, and there was no mention of XLF block trades today in the Twitter accounts that usually report on block trades.
March 17 was Quadruple Witching day, and volatility was expected at the end of the day due to imbalance.
Maybe it will recover next week.
correction (March 18): I've just found out that XLF traded ex-dividend $0.088 on St Patrick's day
It was a candle with a long lower wick on the one-minute chart at the very end of the day.
I was not able to save and paste a copy here for you.
Perhaps you can PM Mr Miyagi to get a copy of his one-minute chart for you from his system.
Other than that, XLF was not traded ex-dividend, and there was no mention of XLF block trades today in the Twitter accounts that usually report on block trades.
March 17 was Quadruple Witching day, and volatility was expected at the end of the day due to imbalance.
Maybe it will recover next week.
correction (March 18): I've just found out that XLF traded ex-dividend $0.088 on St Patrick's day
Last edited by tsf on Sat Mar 18, 2017 11:22 pm, edited 2 times in total.
Re: 03/18/2017 Weekend Update
Thanks bosstsf wrote:Dr Al,
It was a candle with a long lower wick on the one-minute chart at the very end of the day. .............
On an unrelated note: Friday, in honor of St. Patrick’s Day, Whiskey broke out to a new ATH (log scale)
https://pbs.twimg.com/media/C7H7YuvWkAAvTjd.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 03/18/2017 Weekend Update
Al_Dente wrote:Thanks bosstsf wrote:Dr Al,
It was a candle with a long lower wick on the one-minute chart at the very end of the day. .............
On an unrelated note: Friday, in honor of St. Patrick’s Day, Whiskey broke out to a new ATH (log scale)
https://pbs.twimg.com/media/C7H7YuvWkAAvTjd.jpg
Hey Al,
Do you have a list of tickers to follow the broader real estate market?