The TLB BUY was 62.59. So getting out of the short early was a good decision.

And the currencies gave me the clue to get out. 61.80 for a $1 profit and in cash now. UUP had an OPE HFE for a short and the CO told me the short might be good. While FXA had an open HFE for a long and the CO told me the long might be good.

Yes, there was a TLB for that, but not the kind I like though. But UUP and FXE COs gave me the clue.

Taking a risk here. SELL at 62.80.

I don't use them, but I gave it a try for you. It still hasn't loaded. Maybe their server is down.

Yes there is an open HFE for a short, but (1) it hasn't triggered yet; (2) the gap up was above R2 and the HFEs don't work as often with a gap up above R2 or a gap down below S2. In the meantime, we made new highs on silver and gold, so I think holding the long for a better sell point is warranted.

I just tried and it won't load. I get the bar that says "connected" and it just runs and runs and doesn't open any charts.

There was a TLB BUY signal Friday at 58.83.

Open HFE BUY Thursday morning with an outstanding CO diver. 57.65. I went to cash at the close. 59.85. Very pronounced bearish CO diver. I am now short the open on AGQ. Let's call it 60. I don't have a TLB for this one, just Resistance and the bad CO diver.

I'm getting a longer term sell SELL signal on the general market. Doesn't mean we can't have more UP first. It is a slow signal that usually lasts for weeks.

TLB sell 60.67 Monday. GLD had a nice VT set up as well.

The CO on the daily chart of UUP has a bullish diver, and the CO of the daily FXE has a bearish diver, so . . . I am expecting a move up in the USD (fall of EURO) which would bring PMs down. But for now, the Greek deal got done and the Euro is up/USD down.

iGHish VT at the close Friday BUY 59.73.

Out and in cash at 61.16 R (yest. close). The USD is just too strong here for PMs to make much headway. Will watch for another entry. Nice daytrade.

Back long 60.24. Open HFE and another confirming signal but no TLB yet.

That was 61.75. Typo.

61.55 the TLB short.

Now Wednesday a TLB BUY, 61.15.

Sell Tuesday 62.58, on the CCI diver/100 line break with a nice CO diver to confirm.

Here's the chart.

The long was Monday 60.56 on the HTLB (also a little iGH). The CO looked like more UP on the way. On the gap down this morning the CCI held a new up trendline, so the trade is still LONG.

Back long Thursday 61.83. Short the close 63.04.

Major indices at R. http://m3financialsense.blogspot.com/2012/01/head-and-shoulders-and-loss-of-momentum.html

Well so much for that, out of the long at 60.70 for a small loss; back short, then back long at the close Monday. Let's call it 60.

Tuesday, out of the long on the first 30 min bar with the open HFE, CO diver, and the major indices at resistance. 61.61 entry.

This TLB forced me back long on the close of the first 30 min bar this morning.

Back long on a TLB 60.86.

Longer-term swing on TQQQ is still on a BUY.

Sell 60.23. HTLB. What a CO diver . . .

The error was that although I had a down TL, that in fact broke, I forgot that I intended to wait till a HTL broke before getting out of the short. Or, in the alternative, at least wait for the NERS long to trigger on the break of the -100 line. That did not happen.

Then this morning, there was an open HFE and a mittens iGH formation, so that was the correct time to go long. In addition, this was one of those times when FXA gave a good clue as to what to watch for. The CO on the 30 min FXA was very strong, so there was no longer any need to wait for AGQ's HTL to break to go long.

The TLB long yesterday would have ended up fine anyway. There was a gap down open but with the HFE/iGH, it reversed and the long could have been held.

So c'est la vie.

gloe

BUY signal this morning, iH&S, open HFE. 54.60

That was an error. No buy signal. I now need a horizontal line to break to go long.

Buy signal 55.04. The CO is still weak, but it is what it is. The CO on FXA is very strong.

Yes, as I said, I like them 45 degrees. Are you finding that the 20 CCI on the 60 min chart is giving good signals?

gloe

Then sell/short 57.44.

yes, I use the 6 CCI when I have to. I favor TLs that are about a 45 degree angle. Can be tricky.

gloe

CO and CCI divers on the 30 min and CO diver on the 60 min, but CO is still very strong on both. Need to wait at least for the 30 min CCI to break +100 (maybe the 60 min as well) and that 30 min TL to break (the lower one).

Stopped out and went long 51.20. Always trust the CO.

gloe

Wow, that's unusual. Short the stronger one and go long the weaker one.

"Why is AGQ trading better than IWM? Because it responds better to CCI & CO TLBs on the 30" & 60" charts?"


Yes, though I admit I haven't looked at IWM for a while.

UnHappy Birthday to the Citizens United decision:

http://kmgarcia2000.blogspot.com/2012/01/unhappy-birthday-to-you-citizens-united.html