Saturday, April 23, 2011

$$ Sunday Update Posted

Please see TTheory.com for this weekend's update.  I discuss prior gold and silver tops, and Terry examines my chart showing the 70-week moving average as strong support for the S&P.
at

2 comments:

  1. BKtraderApril 25, 2011 at 3:38 PM

    The 70day MA chart is awesome!
    So, you're looking at April 27th +- for a top in the AD. How does that usually correlate in the actual DJIA/S&P Index price? Does that also mean looking for a top in stocks also?

    Thanks, Brian

    ReplyDelete
  2. PositionSizingApril 25, 2011 at 3:47 PM

    Hi Brian

    Thanks for the kind words.

    The AD line topped a couple years(!) before price at the 2000 top.

    The AD line topped 4 months before price at the 2007 top. I would note that price only made token new highs in 2007 after the AD line topped.

    ReplyDelete