3 replies to this topic

[OEXCHAOS]

Here's the current chart. I think it's just neutral, since we're in a down trend.

http://www.traders-t...ost&id=5685.png

[Mr Dev]

thanks for sharing M, In my work I'm showing Partial short bears as of just yesterday as they captured a high area while bulls were getting very close to FULLY Long. I usually see this play out Bearishly in the short term as the Bulls exit....and the Bears get shorter at the same time..creating some really good size moves......throw in a trendline on steroids or what I call a propulsion line and it all reinforces those bigger range moves where people say..."what happened".

[atlasshrugged]

Markus, is it your opinion the daily trend has changed?

[OEXCHAOS]

The daily trend is negative. Weekly trend is negative. Summation negative. Seasonal negative. My approach to this data is this. If we are in an up trend, then <100 is Bullish, for the most part or at least supportive. >300 is a Sell, no matter how you slice it. Below 60 is a buy no matter how you slice it. Mark