Friday, December 02, 2011 2:15:47 AM
four price and breadth charts combine to visually explain what I choose to react to in the data sets as these charts
progress during 2011 and 2012 -
http://forums.technicalwatch.com/post/SPX-daily-with-Transports-amp-NYA-5604362
I have attempted to add brief comments which explain some of my application methods for this data set combo, but time does not permit me to go into a full explanation at IHub or at the site where I posted these charts for the December 1, 2011 snapshot view of the charts
cheers! and for the Russell 2000 fans, I show my simplified version of the RUT weekly chart since 2010 below in this post ... the price levels which represent and forecast likely inflection points for defining consolidation or trending behavior are readily evident to the viewer -
*** this chart will "live" update with the future price action when you refresh your browser ***
ALERT to bears: once the weekly 5,34,5 MACD surpasses the -9.998 level, consider it a major red flag for a bearish trading bias, and consider the white surrender flag if the MACD holds the move back above -9.998 for a period of time
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progress during 2011 and 2012 -
http://forums.technicalwatch.com/post/SPX-daily-with-Transports-amp-NYA-5604362
I have attempted to add brief comments which explain some of my application methods for this data set combo, but time does not permit me to go into a full explanation at IHub or at the site where I posted these charts for the December 1, 2011 snapshot view of the charts
cheers! and for the Russell 2000 fans, I show my simplified version of the RUT weekly chart since 2010 below in this post ... the price levels which represent and forecast likely inflection points for defining consolidation or trending behavior are readily evident to the viewer -
*** this chart will "live" update with the future price action when you refresh your browser ***
ALERT to bears: once the weekly 5,34,5 MACD surpasses the -9.998 level, consider it a major red flag for a bearish trading bias, and consider the white surrender flag if the MACD holds the move back above -9.998 for a period of time
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