Thread: Bquat's Account Talk

Ok JTH is the DOW a leading indicator or follower and what do you think of my channels? I see you:

Originally Posted by Bquat

Ok JTH is the DOW a leading indicator or follower and what do you think of my channels? I see you:

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

Originally Posted by JTH

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

Thanks, I've been doing too much Precaution, Preservation, & now trying Performance.

Anybody try the Moving VWAP 50 for longer term trades?

Going to try SPY 20 Day supported channel and VWAP 50 as a trail basis:

Upon further review it looks just like a 13 day:

Originally Posted by Bquat

Upon further review it looks just like a 13 day:

Bquat,

What do you mean by a 13 day? Tia.

Originally Posted by airlift

Bquat,

What do you mean by a 13 day? Tia.

I'm not Bquat, but I stayed at a Holiday Inn Express last night (not really).

Based on his chart, I would say he is talking about the curve that represents the 13 day moving average.

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

Originally Posted by JTH

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

Sheesh, picky picky... I suppose you use a 65 min candle chart too...

Originally Posted by airlift

Bquat,

What do you mean by a 13 day? Tia.

This chart shows what I mean and JTH explained it better. I really didn't know the correlation until what he said. When I tried the 15 Day moving average it didn't match quite as well: