Dentalfloss
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ya gotta get those pips in
Trading with point and figure
- Thread starter Dentalfloss
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Moneylender
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Got my weeks quota yesterday!:clap:
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LeavittBrothers.net Overview
—————
The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up.
Yesterday the market followed through on its previous day’s move off the low. It was one of the biggest up days of the year. The S&P has moved off its rising 50-day MA, and the Russell has bounced off the bottom of its 4-month range.
At a time the bulls needed to step up and defend their turf, they did so. It’s encouraging, especially when coupled with several high-profile companies (AAPL and others) also doing well.
From here the indicators will confirm the rally attempt. Failure to improve would lead to the market turning around and heading right back down. The AD line needs to continue up. The AD volume line needs to get above 0. New highs need to expand. New lows need to disappear.
This is step one. Now we either get confirmation or nonconfirmation.
—————
The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up.
Yesterday the market followed through on its previous day’s move off the low. It was one of the biggest up days of the year. The S&P has moved off its rising 50-day MA, and the Russell has bounced off the bottom of its 4-month range.
At a time the bulls needed to step up and defend their turf, they did so. It’s encouraging, especially when coupled with several high-profile companies (AAPL and others) also doing well.
From here the indicators will confirm the rally attempt. Failure to improve would lead to the market turning around and heading right back down. The AD line needs to continue up. The AD volume line needs to get above 0. New highs need to expand. New lows need to disappear.
This is step one. Now we either get confirmation or nonconfirmation.
Dentalfloss
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Dentalfloss
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Dentalfloss
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there now
Dentalfloss
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supp held..for a decent few
Dentalfloss
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pumped for a decent few
Dentalfloss
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dumped...excellent
now retesting
Moneylender
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Wowee just got a few from 49.17!!
Dentalfloss
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dow
Dentalfloss
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in our 49.32 now
Moneylender
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Whats your spread on oil?
Dentalfloss
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49.43 possible
Dentalfloss
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4 or 5 usually
Dentalfloss
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more if not US session...sometimes
not great
Dentalfloss
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oil is like ftse
supp and rez behave well...most of the time
supp and rez behave well...most of the time
Dentalfloss
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49.00-49.32 rez....did not happen
keep with the signals
keep with the signals
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Res was at 49.55
