The ACD Method

[kinggyppo]

Quote from Maverick74:

Nat gas continues to punish all the bottom pickers.

This traded all the way down to 1.62 back in 1998, the Russians were not too pleased by that.

 

[Quon]

After a nice 2 month base, F is back at it. Currently above my monthly, (we'll see how it closes today) but certainly worth being on the radar.

 

[Quon]

Quote from Quon:

After a nice 2 month base, F is back at it. Currently above my monthly, (we'll see how it closes today) but certainly worth being on the radar.

UPDATE

Monthly A down is 12.17

 

[Maverick74]

Quote from Quon:

After a nice 2 month base, F is back at it. Currently above my monthly, (we'll see how it closes today) but certainly worth being on the radar.

My monthly A up in F was 12.95. Failed there to the penny.

 

[kinggyppo]

this is not ACD but wanted to mention this as the signal was perfect this year, you could add this into your current level on the indexes. Mkt bottomed last year Oct 4.


http://www.stocktradersalmanac.com/sta/research_tool_MACDEntryExitDOW.jsp

 

[Shanb]

Update on TBT. Solid action today. 5 day numberline is upto +5 today.

 

[Quon]

In the spirit of Shan's update, GLD:

CAUTION: Gold bugs love to buy the dip...

My monthly A down is 158.98, (pretty well a failed A down today, but you'll probably want to see what happens here).

 

[kinggyppo]

Quote from eurusdzn:

http://www.bloomberg.com/news/2012-...before-factory-employment-reports-this-w.html

ZN reversed sharply today on this fed action today.
It will be interesting to watch ZN when the fed is done in a couple days.
Maybe along with a tepid 205,000 jobs report. (Get it out there... no surprises) ZN will start a swing low.

Resistance at about 130.200 and support at about 129.020
I will be looking to sell at that resistance for a swing trade.

I still resort to more classic S/R levels. I got to look at ACD levels on
ZN in the next couple days and learn something.

you may find this useful on zn.

http://www.youtube.com/watch?v=Utcm...DvjVQa1PpcFPdVFuqA_FPAPwVqIz_iWIEC68r1t31O44=

 

[Soon2Bgreat]

Quote from Shanb:

Update on TBT. Solid action today. 5 day numberline is upto +5 today.

Lol, Tlt, not so hot right now, not so hot - looking like it's got the black lung.

 

[eurusdzn]

Thanks King.

The black lung comment may be due to the Australia
trade deficit in the news tonight....coal shipments to China down which is dragging down Aisa overnight.

I am using Globex open 5PM as OR (1409 high)with the above news and No QE3 and Europe week as Spain creeps into news.
Premature short maybe... but 5 points seems a reasonable Adown in ES overnight lately. Sold Es at 1403.50 stop 1410.0


Expecting Europe down will re-eval in AM.