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Headwind into october. Daily 34 ma (fast) shows strong move north.


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#1 milantrader

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Posted 07 July 2018 - 08:31 AM

http://www.traderscr...dex.php?p=intra



#2 Waver

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Posted 07 July 2018 - 09:58 AM

Milantrader - Why would the 34 ma weekly be a headwind only until October?  Seems like, based on past top to bottom cycles of the 34 weekly ma, it takes almost 2 years.  The recent top occurred in Jan 2018.  Wouldn't that provide a headwind until almost 2020?



#3 hhh

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Posted 07 July 2018 - 10:37 AM

I think we have a language issue here: "headwind" implies a negative influence on the market; I think milantrader meant "tailwind".



#4 milantrader

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Posted 07 July 2018 - 10:49 AM

Underlying data suggests headwind into this period, not suggesting a bottom for the 34 ma then!!



#5 hhh

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Posted 07 July 2018 - 11:08 AM

What does "headwind" mean in this context? Higher prices or lower? Thanks.



#6 milantrader

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Posted 07 July 2018 - 11:28 AM

Volatility. Thats why I posted the 34 ma daily. Underlying data show "dry powder" for a strong countermove. At this moment this period makes me look at the Feb 2004 H --Oct 2004 L timespan and April H -- Jan 12



#7 milantrader

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Posted 07 July 2018 - 11:30 AM

April H 2010