FCX/XLE!!!!!! That's what I'm watching.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The ACD Method
- Thread starter sbrowne126
- Start date
FCX/XLE!!!!!! That's what I'm watching.
Quote from Quon:
Wow, that teeny, tiny, weakness was the pullback? This is a tough market to get involved in...
The internals are not that strong. I'm just not getting that many stocks making monthly A ups. And bonds continue to hold a bid. I really think we are going to see a retest of at least 1250 or 1200 pretty soon here. It's the only way we are going to get any kind of movement. Very messy picture up here.
Quote from Maverick74:
The internals are not that strong. I'm just not getting that many stocks making monthly A ups. And bonds continue to hold a bid. I really think we are going to see a retest of at least 1250 or 1200 pretty soon here. It's the only way we are going to get any kind of movement. Very messy picture up here.
I'm happy to hear you say this Mav. I've been sitting here saying to my partner and myself, "wow, how the heck do I get involved here?" We're seeing almost zero weekly a down tests on strong stocks, and many gaped up yesterday, (I hate gaps, it's like the answers to the test were posted on Facebook, and everyone got an A). I want to see price move from neutral to positive so I know who is legit and who stinks. There's very little perspective from which to judge relative strength.
Just my 2 cents...
Quote from Quon:
I'm happy to hear you say this Mav. I've been sitting here saying to my partner and myself, "wow, how the heck do I get involved here?" We're seeing almost zero weekly a down tests on strong stocks, and many gaped up yesterday, (I hate gaps, it's like the answers to the test were posted on Facebook, and everyone got an A). I want to see price move from neutral to positive so I know who is legit and who stinks. There's very little perspective from which to judge relative strength.
Just my 2 cents...
This is EXACTLY how ACD shines. All I do is look around at what's making A ups. And hardly anything is. That shows me the weakness! So I don't see price gaps, I just see A levels.
Quote from Quon:
I'm happy to hear you say this Mav. I've been sitting here saying to my partner and myself, "wow, how the heck do I get involved here?" We're seeing almost zero weekly a down tests on strong stocks, and many gaped up yesterday, (I hate gaps, it's like the answers to the test were posted on Facebook, and everyone got an A). I want to see price move from neutral to positive so I know who is legit and who stinks. There's very little perspective from which to judge relative strength.
Just my 2 cents...
Good insight...i don't do alot of swing trading so interesting to see how you look at things.