Edited by Mr Dev, 04 September 2014 - 01:38 PM.
MARKET THOUGHTS
Started by
Mr Dev
, Sep 04 2014 01:35 PM
1 reply to this topic
#1
Mr Dev
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Posted 04 September 2014 - 01:35 PM
its been hard and its been ...early to try and short this etf over the last few months but the developing money flow divergence on the daily chart and more importantly on the weekly chart
says that this move is almost over. its been a good run but today seems like an unusually weak day considering recent movement.
sorry my print screen software isnt working right now on this pc or i would post both charts but those will come later.
one point i want to make on the weekly is that the sell signal is so long in the tooth there...and after an Up trend line break..id almost expect a bounce in money flows. . just keep an eye on this one as the run up
in this area such as adre has been swift and may need a swift pullback to the mean.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Mr Dev
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- Traders-Talk User
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Posted 04 September 2014 - 02:03 PM
this probably means we see some market rotation if not an out right sell off in the coming days as money moves out and waits ( who knows how long) for the next best area to focus on . 
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
