One of my favorite times to panic
Started by
spielchekr
, Feb 24 2011 11:14 PM
8 replies to this topic
#1
spielchekr
-
- Traders-Talk User
- 3,104 posts
Member
Posted 24 February 2011 - 11:14 PM
is when this green line goes below zero AND price breaks a major support line. This does not rise to the occasion, not yet, maybe not even this time around. At this point, I'd say just let the bulls pay up for the next round.
#2
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 24 February 2011 - 11:59 PM
Great chart. Would you please repost it when your green line gets to zero?
#3
vitaminm
-
- Traders-Talk User
- 6,701 posts
Member
Posted 25 February 2011 - 01:04 AM
At 50dma a green line may touch zero in spiel's chart.
http://stockcharts.com/h-sc/ui?s=$IND...id=p21068777506
http://stockcharts.com/h-sc/ui?s=$IND...id=p21068777506
vitaminm
#4
spielchekr
-
- Traders-Talk User
- 3,104 posts
Member
Posted 25 February 2011 - 03:30 AM
Great chart. Would you please repost it when your green line gets to zero?
Can't say when it will happen. But when it does, it'll look something like one of these:
#5
rotrot
-
- Traders-Talk User
- 556 posts
Member
Posted 25 February 2011 - 04:57 AM
green line in posted chart is most likely RSI with a setting greater than 14...
#6
fluid
-
- Traders-Talk User
- 2,837 posts
Member
Posted 25 February 2011 - 06:18 AM
is when this green line goes below zero AND price breaks a major support line. This does not rise to the occasion, not yet, maybe not even this time around. At this point, I'd say just let the bulls pay up for the next round.
The way I look at things, the chances of an all out panic are currently runnning about 705, but thank you for sharing your views.
#7
spielchekr
-
- Traders-Talk User
- 3,104 posts
Member
Posted 25 February 2011 - 09:37 AM
green line in posted chart is most likely RSI with a setting greater than 14...
No, but a comparison to Wilder's RSI is quite a compliment. Thank you!
ps. RSI oscillator range is 0-100 and has no negative numbers. My range is theoretically limitless, which is why I apply an expandable Fibonacci grid range for the oscillator "limits".
Edited by spielchekr, 25 February 2011 - 09:44 AM.
#8
zman
-
- Traders-Talk User
- 1,215 posts
Member
Posted 25 February 2011 - 12:20 PM
green line in posted chart is most likely RSI with a setting greater than 14...
No, but a comparison to Wilder's RSI is quite a compliment. Thank you!
ps. RSI oscillator range is 0-100 and has no negative numbers. My range is theoretically limitless, which is why I apply an expandable Fibonacci grid range for the oscillator "limits".
Great stuff...thanks for sharing
Education is the best defense against the media.
#9
DrWu
-
- Traders-Talk User
- 687 posts
Member
Posted 25 February 2011 - 12:37 PM
Always great stuff......please keep posting!
