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Thanks cougar you gave me too much credit, I can not see a chart that can match yours just yet.cougar wrote:Why I watch this NDX monthly chart:
I would consider another ”Oops!...Whipsaw” formation as delivering a bullish signal, since it successfully happened twice before: in ’03 and in ’06 (see chart).
Inversely, a failure to complete the RSI/SMA(5) crossover, like in May/June ’08, would be bearish.
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Technical note: On sub-graph 2, SMA(5) is an open end indicator, while RSI is an oscillator limited to variations between 0 and 100. TA purists would argue that they should not be represented on the same graph. However, RSI can be adjusted to fit on its scale the exact amplitude of the SMA movements, displayed for a specific time period. This seems to work. After all, as BullBear noted, TA is not a science…It is a simple production of “directional hints”, based on previous occurrences…
Sorry to interrupt this "bromance", but just for fun, pop on over to king cobra’s market outlook page; they’re talking about a “MONSTER GAP UP” over there !BullBear52x wrote:Thanks cougar you gave me too much credit, I can not see a chart that can match yours just yet.cougar wrote:Why I watch this NDX monthly chart: I would consider another ”Oops!...Whipsaw” formation as delivering a bullish signal, since it successfully happened twice before: in ’03 and in ’06 (see chart). Inversely, a failure to complete the RSI/SMA(5) crossover, like in May/June ’08, would be bearish. Technical note: On sub-graph 2, SMA(5) is an open end indicator, while RSI is an oscillator limited to variations between 0 and 100. TA purists would argue that they should not be represented on the same graph. However, RSI can be adjusted to fit on its scale the exact amplitude of the SMA movements, displayed for a specific time period. This seems to work. After all, as BullBear noted, TA is not a science…It is a simple production of “directional hints”, based on previous occurrences…
Here is the 1 year on Bloomberg.Al_Dente wrote:Someone on the main board last week also chirped about watching the Greek 10yr bond; here’s more from yest:
http://www.nytimes.com/2011/11/06/your- ... &emc=tha25
all I can find is NBG (nat’l bank of greece) on freestockcharts
and NBG and $GRDOW on stockcharts.
So, here’s Al’s simple chart of $GRDOW with price overlay NGB (faded pink dotted line) and $SPX (purple) behind, which helps answer our ongoing question “What is SPX ignoring?”
http://stockcharts.com/h-sc/ui?s=$GRDOW ... =248091728
I don’t find Greece at forexpros.com but then I don’t know what (symbol) to look for (jarbo?)
Ditto! Awesome, awesome TA! Thanks bullbear52!tdo722 wrote:Man, i love your t/a very much bullbear52. Quick question, why did you decided to hold short overnight at the close of thursday?
PS: thanks dcurban1 for the greek bonds link…the futures are open…. pass the Ouzodcurban1 wrote:The MACD on the daily chart has me worried and leaning towards the short side this week.
Cougar,cougar wrote:Why I watch this NDX monthly chart:
I would consider another ”Oops!...Whipsaw” formation as delivering a bullish signal, since it successfully happened twice before: in ’03 and in ’06 (see chart).
Inversely, a failure to complete the RSI/SMA(5) crossover, like in May/June ’08, would be bearish.
===========
Technical note: On sub-graph 2, SMA(5) is an open end indicator, while RSI is an oscillator limited to variations between 0 and 100. TA purists would argue that they should not be represented on the same graph. However, RSI can be adjusted to fit on its scale the exact amplitude of the SMA movements, displayed for a specific time period. This seems to work. After all, as BullBear noted, TA is not a science…It is a simple production of “directional hints”, based on previous occurrences…