Last week's Volume Oscillator for reference
11/1 = -2111/2 = -1
11/3 = 10
11/4 = 61
11/5 = 69
This week's VO
11/8 = 51
11/8 = 51
11/9 = 6
11/10 = 23
11/11 = 4
11/12 = -41
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Posts
Parker,
ReplyDeleteSo I know what kind of questions to ask about trading...what is your time horizon on trading (i.e., day, swing, weekly, monthly, or longer term).
Seems like this week is very important and if we can't move forward and get a close above 1235 on the S&P we are at least in for a correction of some sort, and quite possibly the top you and Terry are looking for.
Do you see one more push up this later this week..or was the top of Friday and today adequate for your work. We came close enough to the 1228 number to count as hitting the 61.8 retracement in my book. Keep up the good work
Hi Fred
ReplyDeleteI swing trade. Holding for a few days to a few weeks, sometimes longer.
Yes - this week is important. So many indicators are calling for a turn this week.
Last Friday might be the high close. I'm expecting red candle day soon followed by a retest of the 1229 level that fails and then we turn over for the first leg of the correction.
Update for Tuesday 11/9 = 6
ReplyDeleteI would think the Stock will stay up for a bit longer and start turning down on Nov 23rd.
ReplyDeleteIf Treasurys keep dropping like today the confidence indicator will lose the divergence even without FAGIX doing much of anything.
ReplyDeleteThat's not what I expect but it is interesting.
The top could very well be behind us! Be careful.
ReplyDeletenick...
Update for Wednesday 11/10 = 23
ReplyDeleteUpdate for Thursday 11/11 = 4
ReplyDeleteUpdate for Friday 11/12 = -41
ReplyDelete