Stories of Life.
I thought NNVC had the scariest chart in the world...http://finance.yahoo.com/q/bc?s=NNVC.OB&t=1d&l=on&z=m&q=l&c=
I love "anon" posted comments. When starting a fight, make sure you do it on the internet! Nothing like picking a blog fight.Holy 1 poor performance chart day.LAME comment. Man up next time.
Allan,Is the FAZ still intact, or did it change after hours
If you didn't bail out of FAZ at the open, you had a chance around 2. If you never bailed out then, good luck to you.
Allan, one chart'o mine for you...http://cms.ewcub.webnode.sk/images/200000029-c1273c2214/SPX.png
FAZ made its breakout move last friday and completed it today and made a 50% correction to close the day.SDS did exactly the same thing.They both sit at a 50% correction ,pullback off the first thrust breakout move.IF this time represents a real follow thru move characteristic of a real market trend change from up to down.....these inverse ETF's should continue long,and the subwave should be wave 3 next.it should be decisive in confirming the long direction.otherwise its just another fake out whipsaw.or to put it another way, another stick save by the beautiful government plunge protection team.
best chart of the day....dow jones shanghai index!!!!!!!!!
Sorry, I'm missing why this chart is so scary. Anybody?
China is the dominant growth economy on the planet, its stock market, as represented by this index, lead both the recovery in 2009 and now a flattening of growth in 2010. If the $DJSH trend model flips Short, I expect world markets will soon follow.
Allan thanks for the explanation on the shanghai index. looks like ATR has been the best trend indicator in the past!
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