Articles from Dec 2010

Breadth thrust marked on chart

 

I am a member on your site. I was studying general market signals for being long and short. Since picture is worth a thousand words while I was studing Market montor I created a picture for me where I drew "turns" according to market monitor guide. (10 day ratio > 2 after bullish and 10 ratio < 0,5 after bearish). I studied it  for last four years.

Result is a picture of weekly graph for qqqq with red (go short swing trading) and green (go long swing trading) vertical lines for 2007, 2008, 2009 and 2010 (YTD).

MM is prety good in predicting major turns. In attachment is a picture that I created.

http://goo.gl/gcIg3

Sent by Kresimir

Archives

Tags

Categories