the operators make me laugh, the $DJI closed it's 15:57 3 min candle @ 10,401.52 and then magically 1 minute after the close the $DJI settles @ 10,405.98. So given the above setup, it tells you the operators want all the buying power they can get from the algos with this sequence setup.
Leo — I've taken the opposite approach. I don't even look at the monthly charts anymore. We are in a liquidity fueled market since 2009. The longest duration charts I look at are weekly charts or a long string of dailies to see relative overbought/oversold conditions.
I'm still 33% long in my retirement fund. I moved 66% to “safer” assets just before Xmas. I'll be looking to move the other 33% to … god, I just don't know. I can't move it to cash unless I want to withdraw the whole damn thing and pay the penalty. If we have a financial panic, I suppose treasuries might be the place to go.
the operators make me laugh, the $DJI closed it's 15:57 3 min candle @ 10,401.52 and then magically 1 minute after the close the $DJI settles @ 10,405.98. So given the above setup, it tells you the operators want all the buying power they can get from the algos with this sequence setup.
Dread, another typical day.
Leo — I've taken the opposite approach. I don't even look at the monthly charts anymore. We are in a liquidity fueled market since 2009. The longest duration charts I look at are weekly charts or a long string of dailies to see relative overbought/oversold conditions.
Here's some interesting numbers on the $DJI
IF the $DJI closes above 10,404.16 today, it will have 3 consecutive higher closes than opens
The last 6 times the $DJI had 3 consecutive higher closes than opens it went onto a 4th consecutive higher close than open
Orange trendline comes in @ SPY 113.62 today
I'm still 33% long in my retirement fund. I moved 66% to “safer” assets just before Xmas. I'll be looking to move the other 33% to … god, I just don't know. I can't move it to cash unless I want to withdraw the whole damn thing and pay the penalty. If we have a financial panic, I suppose treasuries might be the place to go.
I concur. $RUT is looking for the 61.8% retracement level from the 2007 highs.
$RUT: IWM Daily update
IWM gapped over an important containment pt. this morning
http://www.flickr.com/photos/47091634@N04/44009…
after the operators run the stops above Jan. 19 highs, the brown line will be the next magnet
Dollar daily- big move coming
http://www.flickr.com/photos/47091634@N04/44016…
the orange trendline intersects the 8/11/08 & 9/2/2008 highs
the yellow trendline intersects the 9/08/2008 & 9/19/2008 higihs