All Allan

Saturday, December 05, 2009

TZA system stats

Twenty-one trades in 16 trading days for an average gain per trade of 1.22%

Friday, December 04, 2009

DJIA Monthly EW Analysis

There is a lot of forecasting going on in this monthly chart of the Dow Jones Industrial Average, all courtesy of the internal algorithms of Advanced GET software.

In summary, the EW pattern is of an unfinished 5 waves down from the late 2007 highs. The blue shaded ellipse is suggesting that current price levels are the likely end of the Wave 4 advance from March, 2009. The horizontal blue-shaded support levels are suggesting a Wave 5 forecast low at 6000 circa September, 2010.

Below, a close up of the same chart, only this time with the False Bar Stochastic:

As can be seen above, the FBS is nearing a potential Sell signal, possibly coinciding with an ATR SHORT signal.

This may not be the most agile time period with which to base day-to-day trading decisions, but is a good chart to keep in mind when trying to grasp the big picture.

A

Fractals

These are not the Weekly charts that I've shown for the past nine months.

These are one minute charts!

Trade system update

Buy level @ 11.33; Hourly

Finally, some good news

No, not the unemployment rubbish. The TZA System finally got blown out of the water on a trade and we get to put all of the pieces together and see what is left standing:

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way - in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.