Kind Words from Terry Laundry, Founder of T Theory

"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010

"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010

"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201

"Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.

Saturday, January 2, 2010

$$ Weekly Tech Report

Jan 4-8, 2010
For the annotated chart of $SMH please go here.

SMH

Price is between the neutral zone and outer upward channel. Price is well above the trend line.

Momentum: The correction ending in early November obeyed the 38-80+ RSI up trend range rule. The RSI 45-day average is nearly 60. Price recently made a 4 month momentum peak, then gave a small bear divergence signal.

Volume: The distribution picture of October and November has turned into an accumulation picture.

Outlook: The up trend looks strong. Waiting for a pull back.
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2 comments:

  1. finderskeepersJanuary 8, 2010 at 11:13 AM

    Wonder if you would comment on your expectations for OIH next week. Daily +ADX, stochasitics, RSI clearly overbought; OBV not impressive. Do you see consolidation vs pullback? Thanks.

    ReplyDelete
  2. PositionSizingJanuary 8, 2010 at 7:21 PM

    Thanks finderskeepers - I will be posting new weekly updates for Energy, Tech, Metals and Stocks this weekend.

    ReplyDelete

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