9 replies to this topic

[CLK]

I'm looking for an up day. This WWW is getting too repetitive, but I don't see lower prices so maybe they start it early and sell off next Thur. and Fri. of opex. No extraordinary top for another month, based on the TICK.

[selecto]

[Russ]

Selecto...this collection of stuff argues the exact opposite that you just posted...
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p73762879327&r=6931.png

[thespookyone]

Well, selecto, I see the arrows up you point to on the macd, BUT, considering we are at the highs-isn't there "just a little" negative divergence going on with the macd?

[selecto]

It is my experience (well, John Bollinger's) that the BB squeeze generally resolves in the direction of the indicators posted, which is what is happening as of eod. The 30 and 60 are similarly resolving upwards eod. I see a rare triple window squeeze (30-60-day) all resolving now in the same direction. On the daily, the bull should be concerned when the opposite band starts to flare away in a direction opposite to the trend. Seems like there is a mound of bearishness on the board today. Technically, beats me why.

Edited by selecto, 04 June 2007 - 05:05 PM.

[thespookyone]

It is my experience that the BB squeeze generally resolves in the direction of the indicators posted, which is what is happening as opf eod. Beware
the beginning of a band flare-away in a direction opposite to the trend

Very true-just as trading above the upper band for three days can turn into a problem, as well.

[Russ]

Beware
the beginning of a band flare-away in a direction opposite to the trend

you mean a top band flare down I take it.

Edited by Russ, 04 June 2007 - 05:14 PM.

[CLK]

This could work out for a July top. Small and midcaps are still outperforming.



http://stockcharts.com/c-sc/sc?s=$MID&p=D&yr=1&mn=2&dy=0&i=p94466972486&a=108555669&r=6154.png

[selecto]

Spooks, "Walking the bands" is a common phenomenon and is essential a neutral event in BB theory. What you want to see is a break-away bar - which is a non touching bar closing lower (in relation to the band) than the previous bar. In the case of an opposite band flare-away, you also want to see that flare stop. Until then, its a snort.

Edited by selecto, 04 June 2007 - 05:29 PM.

[Mr Dev]

.

Edited by Mr Dev, 04 June 2007 - 07:34 PM.