Ok JTH is the DOW a leading indicator or follower and what do you think of my channels? I see you:
Anybody want to see a time lapse on the DOW? Remember moving averages are scaled for 2 hour only:
Last edited by Bquat; 11-22-2014 at 01:55 PM. Reason: View from top to bottom
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Ok JTH is the DOW a leading indicator or follower and what do you think of my channels? I see you:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Depends on the season, based on past studies I've done, for a leading Index, I look at the Transportation Index and the NASDAQ 100, but when they do lead the markets up/down, it's usually by just a day or two. I don't follow the Dow Jones Industrials much, it's "Old School Large Caps" with almost all of the original companies now gone. But that's just my preference, I have nothing against it, the good news is there is always lots of TA/Blogs/News you can find on them because they've been around for such a long time.
The Diamonds are telling us the same thing the S&P 100 & NASDAQ 100 have been telling us, this is a large cap rally, which means this is a world-wide fear-driven market where folks are seeking a combination of the 3Ps through Precaution, Preservation, & Performance. JMHO
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Anybody try the Moving VWAP 50 for longer term trades?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Going to try SPY 20 Day supported channel and VWAP 50 as a trail basis:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Upon further review it looks just like a 13 day:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
For some clarification, there are 3.25 2-hour candlesticks in a day, so a 52 2-hour moving average on a 2-hour scale is a 15 Day moving average on the daily scale.
Attachment 31269
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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