Amazing upward momentum
Started by
Chilidawgz
, Apr 14 2010 09:48 AM
5 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 14 April 2010 - 09:48 AM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
fib_1618
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Posted 14 April 2010 - 10:59 AM
Just a couple of notes for your chart:
1) If you apply a 19 day and 39 day EMA (instead of 20/50) the distance (or spread) between these two moving averages is the amplitude of the McClellan Summation Index.
2) You can not have the possibility of a head and shoulders price top if the NYAD line is making new highs. The left shoulder would be the A/D peak, the first divergence would be the head, the second divergence would be the right shoulder...and down you go.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#3
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 14 April 2010 - 11:21 AM
thanks, not my chart...just wanted to show the trend with the cumulative AD, seems like we have much more to go.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#4
selecto
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Posted 14 April 2010 - 11:38 AM
Harder to kill than a Buick.
#5
fib_1618
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Posted 14 April 2010 - 11:38 AM
Pay it forward.thanks, not my chart
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#6
selecto
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Posted 14 April 2010 - 12:06 PM
The reliability of most (but not all) chart price patterns is volume dependent,
sometimes critically so.
That is to say, predictive reliability is dependent upon the "right" volume
being in the "right" places across the formation. If you don't have the "right"
volume, you don't have hi-prob (or much if any prob at all).
I suppose one can go around drawing heads and shoulders on just about
any old thing they spot, but it is not good TA. IMHO
