ES Journal - 2014

Quote from ammo:

if you are going to use these as indicators, you need long term mid term and short term supp res areas and then if they synchronize ,you have a good mixed bag, if not ,keep dropping and adding til you do get something that sync's, you would be better off using things that work together,googaapl and nflx together may give you a group to sync with nq,ibm xom,cat ge for ym,es ,i prefer spx trans dow and ndx to use for sync for es...you don't want aples and oranges

ok. please explain what "trans dow" means?

ndx is the cash nasdaq?
 
ammo, thanks for your time. Looking over your charts, those charts we could go either way. Which direction do you see us going, from here to the close??:confused:
 
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