dcurban1 wrote:
Try March instead of May. Production is ramping up right now.
rumor did say mar to may time frame, but i think they forgot the effect of chinese new year. per my personal experience, it is a 2-3 weeks of completely shut down of everything.
The goal is not uniformity. It is understanding and idea exchange.
So in the short term, I think we pull back, but in the medium term look at the SPX, this is an interesting chart. The SPX 20 yr shows a line of resistance created back in March of 2000. We could be meeting that line again in March 2012. That line is currently sitting around 1355. I wonder what happens when we get there???
Petsamo wrote:KBE, the other bank ETF, is to watch. It's very strong today
Been interested in your gap data for a while now. However, it seems that maybe whatever data was used to construct your spreadsheet may have reversed? Looks like (just using your public posts) that the only 1 out of last 8 was correct. Throwing darts would have yielded better results, so it seems that there has been a fundamental shift. I used to have a play in 02-03 where I could scalp a play with the gap at open on OEX every time there was an /ES disparity of more than 8 pts in either direction...that hasn't worked in a long time either. Thoughts?
the rebound is strong but 2 legged already, so not sure how far it can go.
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Another set of interesting charts. I'm not a charting specialist, and ellipticals are out of my range, but just wanted to show how the DJT has double topped at important resistance zones, the next one being approx 5600ish....
...I never thought about using the 377 on the EMA 5 min, but it seems to work ok!
It’s a version of Baron von BB52x use of 390 on 5min to “replicate” the 5dma daily (thanks baron).
As I use 3dma on daily, so 377 on 5 min is my “very rough” approximation…it’s also fib….it’s also one of yr faves longer term