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any thoughts on these indicators?
- Thread starter user268
- Start date
=======================Quote from user268:
Murray T Turtle and NoDoji,
Thanks for the tip.
The blue line is not a stock, it is a parameter that caught my attention during data mining.
See updated chart. The blue line is starting to spike up just now, but not very high yet. The spx uptrend may still have a bit room to go, but could be near its end.
This system is for swing trading, not for intraday trading, although I do have intraday data that can generate updated intraday charts.
SPY is very extended, very old Uptrend;
it may get more extended, Uptrends do that often.
But that doesnt change the fact buy volme is weaker on 3 year candle chartchart,its [SPY]IS still an old uptrend, very extended Uptrend.
Joshua Lukeman, [Market Makers Edge]does NOT like trying to take the last penny out of any trend.
I dont mind trying to take the last .25 cents out of an uptrend;; but not the last penny , LOL
Quote from murray t turtle:
=======================
SPY is very extended, very old Uptrend;
it may get more extended, Uptrends do that often.
But that doesnt change the fact buy volme is weaker on 3 year candle chartchart,its [SPY]IS still an old uptrend, very extended Uptrend.
Joshua Lukeman, [Market Makers Edge]does NOT like trying to take the last penny out of any trend.
I dont mind trying to take the last .25 cents out of an uptrend;; but not the last penny , LOL
good point.
if history repeats itself, when the blue line spikes, you would still have plenty of time to escape a local top.
these are swing trade signals, not for long term.