DJIA 240 minute
I've drawn Fibonacci retracement levels on the 240 minute DJIA chart as a way of showing that even a GDP rally today is consistent with a new leg down having begun. My Daily and Weekly S&P Models are still solidly in Sell modes, so unless those models were to flip Long, the rally, if any, is counter-trend.
SSO Daily
A new subscriber asked me to follow SSO in the Daily Models on the subscription list. Since some accounts can't short stocks, including SDS, alternating between SSO for Buys and SDS for Sells makes sense.
6 comments:
Allan,
I subscribed to your trend model. I understand all the terminology but could you email me instructions on how to use the information? I think i have it figured out but i really dont want to short sell apple when i should be buying it.
-Marino
Marino -
I plan to put together a brief tutorial this weekend, look for it in your email box.
A
hi allan.....thnx 4 ur sevice. not asking you to return to adding BGZ again to ur list, but wanted to ask why you dropped it, and if it will trend generally with the TZA, SDS, ans SRS.
That Market Club video on the Down fib levels is a Must watch.
Thank you. I'd like a tutorial, Terry
The Dow....not down,typo
the market club video on the DOW at critical support levels in the future.
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