Note the beginning of a flare and a roll down of the centerline.
Be the bear.
RUT
Started by
selecto
, Apr 17 2013 03:23 PM
4 replies to this topic
#1
selecto
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Posted 17 April 2013 - 03:23 PM
With the band expansion, price is moving in the direction of the nearby mo, as is generally the case.
Note the beginning of a flare and a roll down of the centerline.
Be the bear.
Note the beginning of a flare and a roll down of the centerline.
Be the bear.
#2
selecto
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Posted 17 April 2013 - 03:41 PM
On a move from expansion to contraction of the bands (and vice versa), price can be expected to move in the direction of the nerarby mo.
Here is the SPX. Is the RUT leading?
Here is the SPX. Is the RUT leading?
Edited by selecto, 17 April 2013 - 03:42 PM.
#3
risk_management
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Posted 17 April 2013 - 07:50 PM
Is the RUT leading?
Isn't it always leading?
I have this written on my board.
Bonds --> Russell --> Nasdaq --> S&P. If every time I felt bearish, I went long TLT instead of shorting markets, I'd be quite wealthy.
This applies more often in downtrends and market sill might not follow half the time. In the up trends, remove bonds from any equation. IMVHO
Edited by risk_management, 17 April 2013 - 07:54 PM.
#4
selecto
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Posted 18 April 2013 - 07:51 AM
PS: My 60 minute crunches will print a "buy" this morning. The last 3 60 minute up-down cycles have run for 29, 32, and 28 bars. If we are legging up here it will show up on the daily with loss of flare and loss of band expansion.
#5
SemiBizz
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Posted 18 April 2013 - 08:10 AM
And the short term target is same as Tuesday... 915.
Your reference candle is 3/1
RUT failed to break the low with stronger volume (Null Test)
So now it wants to test the 915.72 high of 3/1.
Edited by SemiBizz, 18 April 2013 - 08:12 AM.
Price and Volume Forensics Specialist
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
