The ACD Method

Quote from Shanb:

WMT with an A-down throught the pivot

Now there is a good failed A up at 58.50 to the penny. It's at the weekly A down now. Nice move.

At the monthly A down as well.
 
OXY looks like a decent short here for us equities folks. Bumped it's head on my monthly A down, (which I have it confirming yesterday).
 
Quote from Maverick74:

It's above the pivot and it's acting well. This market feels kind of messy today. It's acting like it wants to pop. I wouldn't do anything. If I was going to short anything I would only look for the weakest products and sell into the pre-lunch time pop.

And here is that pre-lunch pop. Copper now above the A up.
 
Quote from zhaoyun:

i have to agree, it looks like a nice tool. they also have some kind of signal service too.

Yes, it looks like they have a paid Pro version which includes some sort of scanner for highly correctalted/cointegrated pairs, haven't looked at it yet but if somebody with deeper pockets gives it a try I'll be glad to know if it's worth the money.
 
Coco nice follow through on the monthly A down. Nat Gas rolled over and took out the monthly A down (sorry Mark).

Really annoying day today. Nothing is really breaking out, just weak over sold assets bouncing hard. I would not initiate new swing positions today.
 
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