Good article. It had a few holes in it. But he brought up some good data to look at it and put things in perspective.
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
Good article. It had a few holes in it. But he brought up some good data to look at it and put things in perspective.
Mav,
If you have an NL on RIG, can you give me your opinion ? My reading shows it confirmed ...
I don't track RIG. Sorry about that.
this is pretty cool imagine reading a 500 page book in under 5 hours
http://elitedaily.com/news/technolo...allow-you-to-read-novels-in-under-90-minutes/
http://elitedaily.com/news/technolo...allow-you-to-read-novels-in-under-90-minutes/
this is pretty cool imagine reading a 500 page book in under 5 hours
http://elitedaily.com/news/technolo...allow-you-to-read-novels-in-under-90-minutes/
Given that anything up to 8% of men are red-green colour blind (like me) they might want to rethink the red letter.
It's the weekend and things are quiet, so a little diversion.
This quote from McMillan;
"There is no technical resistance for a chart at new all-time highs. There is support at 1850 (which had been resistance), then at 1825- 1835 below that. It is our opinion that a close below 1825 would be quite negative."
No resistance? Clearly he doesn't use ACD, or Fib extension, though I know little of the latter.
So Mac, since your books helped me, and you see no resistance, this song is for you. Let's all wait for Thor's hammer to fall.
http://youtu.be/Z9BTZrFRYfw
This quote from McMillan;
"There is no technical resistance for a chart at new all-time highs. There is support at 1850 (which had been resistance), then at 1825- 1835 below that. It is our opinion that a close below 1825 would be quite negative."
No resistance? Clearly he doesn't use ACD, or Fib extension, though I know little of the latter.
So Mac, since your books helped me, and you see no resistance, this song is for you. Let's all wait for Thor's hammer to fall.
http://youtu.be/Z9BTZrFRYfw
McMillan's correct
There is never any true overhead resistance at new all time highs
ACD levels are theoretical based on volatility. Fib levels are projected levels based on some golden ratio
Nothing to do with overhead resistance (from underwater buyers who bought at higher levels, waiting to sell to breakeven - hence resistance)
There is never any true overhead resistance at new all time highs
ACD levels are theoretical based on volatility. Fib levels are projected levels based on some golden ratio
Nothing to do with overhead resistance (from underwater buyers who bought at higher levels, waiting to sell to breakeven - hence resistance)
It's the weekend and things are quiet, so a little diversion.
This quote from McMillan;
"There is no technical resistance for a chart at new all-time highs. There is support at 1850 (which had been resistance), then at 1825- 1835 below that. It is our opinion that a close below 1825 would be quite negative."
No resistance? Clearly he doesn't use ACD, or Fib extension, though I know little of the latter.
So Mac, since your books helped me, and you see no resistance, this song is for you. Let's all wait for Thor's hammer to fall.
http://youtu.be/Z9BTZrFRYfw
McMillan's correct
There is never any true overhead resistance at new all time highs
ACD levels are theoretical based on volatility. Fib levels are projected levels based on some golden ratio
Nothing to do with overhead resistance (from underwater buyers who bought at higher levels, waiting to sell to breakeven - hence resistance)
In the classic sense, yes.
Anyone with any experience with 30 day plus minus page 49 and 50
Specifically creating scan that looks for fut's that may "line up" on a 30 day basis?
Interesting concept would think it doesn't line up too often....thnx
I'm not sure what you mean by minus page 49 and 50. I use to run 5 day look forwards on the 30 days and found them to be moderately effective. It gave you the chance to sort of "front run" confirmations. But I found that often times price stopped there and reversed. But the 5 day forward look did provide some useful information on market transitions.