NYSI + NASI
#1
Posted 01 September 2007 - 02:48 PM
#2
Posted 01 September 2007 - 03:18 PM
#3
Posted 01 September 2007 - 03:45 PM
just for fun...can you do those charts and put price behind ...compq behind nasi and either spx or nya behind nysi
Here it is.
Being short against rising summations is like peeing against the wind. You may get lucky, but the odds are heavily against it. Especialy when its at such washed out levels. $NASI turning up around -1000 level and crossing 20 MA is a classic buy signal.
Edited by ogm, 01 September 2007 - 03:45 PM.
#5
Posted 01 September 2007 - 09:06 PM
Edited by Teaparty, 01 September 2007 - 09:08 PM.
#6
Posted 02 September 2007 - 12:09 AM
And trendline breaks on summations aren't tradable, IMO.
I think the MACD on that chart you posted is a more significant indicator, since its oversold to the levels of the previous bottoms.
Take a look at this thread. There is a chart with trendline breaks there.
http://www.traders-t...?...&hl=Calling
Edited by ogm, 02 September 2007 - 12:10 AM.
#7
Posted 02 September 2007 - 03:34 PM
Edited by Echo, 02 September 2007 - 03:36 PM.