Very interesting that along with this sell signal I have, my 60m sell signal is trying to reverse itself and turn to a buy.
This is why my suggestion for trading today and into next week was and still is,.. don't ...or if you do only 30% either
way and be equally balanced with the bullish and the bearish bets based on short term TA over the course of equal days.
Short term signals are colliding here. We may see a spike again in Volatility as the chart above suggest.
again trade safe... hmm even I should follow that advice.
Was looking at the weekly chart and just throwing out observations. This week is higher volume week than the prior six weeks, and it's not over. The prior weeks had black volume (either all six or five out of six depending on the charting vendor). This week opened at 46.77. The prior two weeks have had long tails, as does this one currently, but not yet closed. It'll be interesting to see how it closes.
Ya j
here's the consolidation for the NDX on a 30m chart taking place and below that there is your weekly NDX candles and volume. Of course the prior weekly candles on the RUT were either 20points or 30points a week!
I haven't reached a conclusion based on these yet,...as the NDX is still slightly negative for the week but,..
oddly it doesn't feel like it.
Edited by Mr Dev, 18 May 2007 - 01:05 PM.