Charts, charts and more charts

[Artycharty]

 

[counter_violent]

Interesting vid, especially the statistics.

So my calcs are that the Nas dropped 30% from top to recent bottom.
S+P dropped 20% but recovered so as not to register as a bear market on Friday.
Dow dropped 15% for the same period but again rallied into the close.

Conclusion. If you need to be long, do it in the Dow. If you need to be short, do it in the Nas.
If you have no fekkin idea, play both sides of the markets, but take all your longs in the Dow and your shorts in the Nas. Obviously, work out stake sizing relative to each index value, when playing the long/ short option.

As per strength/ weakness calcs. Nas will be first to close the gap after this current bout of strength.

 

[Artycharty]

 

[counter_violent]

As per strength/ weakness calcs. Nas will be first to close the gap after this current bout of strength.
View attachment 318508

 

[Artycharty]

 

[Artycharty]

Looks like it might have to go into a full minor downtrend to close that gap

 

[Artycharty]

Gap seems to be too far away to fill with a wild candle

 

[counter_violent]

Gap seems to be too far away to fill with a wild candle

Yeah, hence ordering S/W and playing Dow longs, Nas shorts= edge.

 

[Artycharty]

 

[Artycharty]

 

[Artycharty]

Nearly filled

 

[Artycharty]

 

[Artycharty]

3904 and it gets filled on my platform

 

[Artycharty]

 

[Artycharty]

Gap fill is quite far away

 

[counter_violent]

2 easy

 

[inzimam]

Big gap, will it fill today

 

[counter_violent]

31,908 was 20% retrace from the Friday low.

We knew Dow would lead and Nas be the laggard. Exploiting this fundamental edge requires us to look across multiple related insruments and to look at upside and downside. Adjust long/ short positions accordingly, don't marry belief in one side of the equation.

 

[counter_violent]

Yeah, hence ordering S/W and playing Dow longs, Nas shorts= edge.

Zoom out for perspective on S/W

 

[inzimam]

but what of that gap though????!?