FlowerG .. watch your SVXY .. your probably safe.. but a minor disturbing pattern on short time frames.. lower support seems in the cards on the daily UVXY..
Thx Miyagi, quite usefull.
Now that is IT written, why don't you keep pbars more than 10 days.
Personnaly, I write them on a sheet of paper and keep them on a longer time frame (several months), it really helps !
champix wrote:Now that is IT written, why don't you keep pbars more than 10 days.
Personnaly, I write them on a sheet of paper and keep them on a longer time frame (several months), it really helps !
You can add columns as you wish, once you download the spreadsheet it's yours to modify in any way you want.
2nd test of the day high, 40% chances of double top. wait.
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This call I made the last few days for acceleration to the upside was partially based on sentiment, but also based on this indicator which has predicted some pretty vicious rallies in the Nasdaq, which is up over 2% by mid-day. This is more a long-term indicator predicting a massive rally. I have other indicators that are suggesting the market is at least 10-30% undervalued.
new high but vol surge, could be another pullback here then we'll see.
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