These are 240 minute charts of TZA and the RUT on which it is based. This is the longest intraday period I find useful, as the next useful period is the Daily chart. With two hours left before the close of trading, I would pay close attention to these two charts triggering new signals going into the close. In other words, if the 240 TZA flips LONG (>11.80) and/or the RUT flips SHORT (<593.63), markets may be very well be off to the races on the downside.
A
9 comments:
Alan,
Can you please tell me the settings for your ATR. I downloaded the ATR indicator for Tradestation that you reccommended, however, I don't get the good tracking you do.
Thank you
sk
Period: 7
Multiplier: 1.5
Hi Allan,
I heard Neely just came out and gave a Long recommendation on the market...
what's your take on it?
Thanks a lot!
Not much of a Long bias, he's suggesting one more blow-off rally before multi-month sustained decline sets in.
Can anyone offer more assistance at tracking Allan's ATR more closely?
I used the recommended settings and still lack the proper tracking.
Any suggestions welcome.
Alex
Hey, back to downloading with this chart. The previous several were acting normal and enlarging with a click. Am using old version of Safari. Using latest version of Firefox produces same result with latest chart, but sometimes different results with earlier ones. Real weird.
- cramar
Alan,
Thanks for the info. I just can't get my indicator to look like yours. I anyone has any ideas for Tradestation, sure would be appreciated.
sk
TZA reverse-H&S-bottom
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Allan, how high will GFRE go?? Your estimate. TIA
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