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The ACD Method
- Thread starter sbrowne126
- Start date
What do you guys use as proxy to measure copper? JJC seems very illiquid that it doesn't seem accurate to track daily ACD levels on this ticker.
HG
Random thoughts
Amazing equities run from the bottom but I have no index confirmed on my 30 day nl. Still a bunch of big caps have confirmed.
Gold continues to look strong on with miners in beast mode. Still not in this trade because of my view on the dollar and with today's report I think rate hikes are back on the table and market hasn't processed that yet.
USO will confirmed today for me for the first time in a long long time.
Amazing equities run from the bottom but I have no index confirmed on my 30 day nl. Still a bunch of big caps have confirmed.
Gold continues to look strong on with miners in beast mode. Still not in this trade because of my view on the dollar and with today's report I think rate hikes are back on the table and market hasn't processed that yet.
USO will confirmed today for me for the first time in a long long time.
Anyone see SDRL today?
Yeah there is some undeniable strength in this market. Copper and Gold are confirmed. In the currency land there are some massive breakouts from solid bases. I would not want to be fading this rally.
Yeah there is some undeniable strength in this market. Copper and Gold are confirmed. In the currency land there are some massive breakouts from solid bases. I would not want to be fading this rally.
In case you are wondering, SDRL confirmed right BEFORE that spike.
I think you need to be careful with data like this. As you increase the time, you increase the noise factor in the data. That's one of the things that makes ACD so effective is the granular analysis at the daily level that gets extrapolated to larger time frames. Not the other way around, i.e taking data from longer levels and extrapolating to the daily level. Just my opinion.
Been out of town Mav. Thanks for the input.
If any of you are wondering, WTI confirmed 3 days ago. Also about to confirm monthly A up.
If any of you are wondering, WTI confirmed 3 days ago. Also about to confirm monthly A up.
this rally got legs then