- Must have a lower low
- Must open below the low of the previous real body (consideration of this point can be taken to 5 decimal places) i.e. opens below the previous close
Thursday, 26 May 2011
USDJPY: Gap Open Real-body Buy Setup
Rules of the setup:
Wednesday, 22 December 2010
Wednesday, 27 October 2010
DJIA - *still* in the channel!
Zero participation on the way down and lots of tell-tale divergences at the low - is it just me or are "they" getting sloppy these days?
SPX:TRIN - a new ratio..
STILL not much happening out there, so I have had time to play around in StockCharts - and happened upon this ratio... while I realise there is rather scant chance I am the very first to come across this, a Fibonacci simple moving average makes very interesting viewing indeed:
SPX:TRIN on StockCharts
SPX:TRIN on StockCharts
Thursday, 21 October 2010
DJIA channel (update)
Not much happening - still standing firm. I get the feeling there is an immense battle of opposing forces occurring right now - helicopter Ben with his finger in the dyke as the cracks start to multiply kinda thing.. hmm.
Meanwhile, erstwhile favourite indicator AUDJPY is starting to fold:
And might it be worth a post-earnings punt short on GS right now?
GS on StockCharts
Meanwhile, erstwhile favourite indicator AUDJPY is starting to fold:
And might it be worth a post-earnings punt short on GS right now?
GS on StockCharts
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