Follow me to learn more about investment on market direction. Financial Astrology, Investment Education, technical analysis, The Economy, Stock Trading and more! American investor who said "Astrology is not for millionaires, but for billionaires".
Tuesday, June 1, 2010
Stocktiming Indicator
This tool won't solve all your timing needs, but it is very useful in confirming a "market weakening condition" that has a strong downside bias.
All you need to create this chart is the daily data feed for the NYSE New Highs, and then create an exponential moving average of 3.
Look for the supports ... draw your support lines ...and then watch for them to be broken to the downside.
Especially important is if the indicator was in positive territory and after breaking support, it falls into negative territory. * Negative territory is established by drawing a horizontal line at the 180 level.
http://www.stocktiming.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment