Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
minute_chart.png
I like the way you toy with CCI, one of my favorite indicator beside MACD and RSI.
My comments are for entertainment/educational purpose only. NOT a trade advice.
euro testing the support now. the recent consolidation clearly is a consolidation pattern so no good, euro may continue down from here.
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Look like it time to have a few friends over to get the party started
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OK bullybear, time to drop your shorts
Not yet, not greedy.... but sell on 50% @ 124.67 Bull will run back up so they can keep fake santa ghost alive... stop on balance @127.00 Bottom target 112ish by mid Jan. Time to party like it 1999
bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
minute_chart.png
I like the way you toy with CCI, one of my favorite indicator beside MACD and RSI.
Perhaps this is a downdraft to shake out weak hands before continuing higher, but a more significant turn down may be at hand.
Between Friday and yesterday an inverse head and shoulders pattern at the apex of a very large symetrical triangle completed in the Dow and the S&P. This normally would have drawn in buyers looking forward to a bullish January, but volume was absolutely anemic. One can blame light holiday trading, but now we have what looks like a reversal with some volume being traded.
Patterns that complete and fail can be very powerful in the other direction. So, while this could reverse and resume upward, I'll be watching for a piercing of the rising bottoms trend line on the indexes as we get into post holiday trading.
Based on gut feeling, I have been looking at December 2007 as a trading analog (sorry can't post the chart). In terms of ups and downs, the shapes are comparable. Today's drop is right on cue per the analog. If it continues to play out, this is the start of a downtrend that goes well into January. We shall see.
bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
minute_chart.png
I like the way you toy with CCI, one of my favorite indicator beside MACD and RSI.
256 & Rsi 14 what need to be tweek for intraday
I use CCI for daily only,over lay them 21/144, when I saw your number 128/256 I thought you must be one of them Semi conductor engineers they love binary, I on the other hand, Fib sequence lover.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Assuming $30T of loans is spread over three years, EU banks have a requirement for $800B / Month of rollover financing for wholesale lending outstanding.
Where is this money going to come from? No one is waiting around to find out as there will be cascading counterparty failures soon surfacing. Banking money in Europe is fleeing to custodial and official accounts of the ECB, the US Federal Reserve and any other central Bank willing to accept their cash.
bullybear wrote:Here a minute chart (not my chart) in the public domain... can't post my charts because they propritary. This chart is really close to one of my charts... with a little study and little tweeking can be made resistance to whipsaw. See current parameters and tweek as needed -- can be used as is -- study, useage and longivity makes $
minute_chart.png
I like the way you toy with CCI, one of my favorite indicator beside MACD and RSI.
256 & Rsi 14 what need to be tweek for intraday
I use CCI for daily only,over lay them 21/144, when I saw your number 128/256 I thought you must be one of them Semi conductor engineers they love binary, I on the other hand, Fib sequence lover.
Actually, OBV is signal indicator... CCI will keep you trade & minimize *some* whipsaw... tweek of 256 will help... chart read longivity lend experience to extreems --- if was semiconductor engineer I would be short sox