The smudge tone indicates the compaction of simple moving average rollover and roll under points. Darker blue tones indicate a rising to the surface of the longer-timeframe moving average roll points. Lighter red tones indicate the exact opposite.
Thus far on this entire bull run, the $SPX behavior has been, upon breaking from the upper BB band, to tag the 1-std-dev line, consolidate, then tag the BB centerline. Except for the first time it merely approached it, and last time it merrily headed right back up.
Looks like we got our break from the upper BB band again. Let's see what happens now. Oh and by the way, be a little bit careful poking around in that dark blue stuff.
$SPX smudge chart
Started by
spielchekr
, Jun 10 2007 01:07 AM
3 replies to this topic
#1
Posted 10 June 2007 - 01:07 AM
#2
Posted 10 June 2007 - 01:28 AM
...
Edited by spielchekr, 10 June 2007 - 01:29 AM.
#3
Posted 10 June 2007 - 09:20 AM
CORRECTION
Darker blue tones indicate a rising to the surface of the shorter-timeframe moving average roll points. Lighter red tones indicate the exact opposite.
It was getting late when I posted, and I was feeling a little smudged myself by then.
I'm still tweaking the chart, and will post an improved version later today.
Darker blue tones indicate a rising to the surface of the shorter-timeframe moving average roll points. Lighter red tones indicate the exact opposite.
It was getting late when I posted, and I was feeling a little smudged myself by then.
I'm still tweaking the chart, and will post an improved version later today.
#4
Posted 10 June 2007 - 10:49 AM
Better. Added the 3rd std. dev. also,
Here's a daily chart from 2006, with a nice pitchfork correlation:
Here's a 60 minute chart from 2006:
Last but mot least, a NYAD cumulative chart:
Here's a daily chart from 2006, with a nice pitchfork correlation:
Here's a 60 minute chart from 2006:
Last but mot least, a NYAD cumulative chart: