The ACD Method

hoop121 said:
Financials are my strongest sector right now. Funny because every analyst out there thinks the banks will get crushed if over-levered O&G exploration companies start to default
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It is strongest sector. But that might work even more against it in case of bad news and reversal patterns (A up A up A down) was in XLF and IYR etfs and GS and MS stock + weekly A downs + VIX + general market irrational exuberance and current little nervousness coming back (gold creeping up, bonds creeping up, yen correcting really fast). This is like I heard something and just need to check it out - maybe its just wind, maybe a burglar :) And if market drops you want to have something on before it. If it makes new highs - well so be it. That's why I put my short position on strongest sector and shared here with a risk of looking stupid :)
 
Most of my equity index NL's are all still really strong. Nice failed monthly earlier this week.

Cocoa gave a "stealth confirmation" last week and hit the Monthly A this week.

I also had a bullish confirm in GBP/USD a couple of weeks ago, but its NL got smacked back down pretty quickly. So far it hasn't gone anywhere so maybe a false alarm there.

DX has reset for me but that seems to have had no effect on dollar/yen or peso!
 
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Bonds confirming monthly A up, monthly NL confirmed also. ZB came into 12/1 with a +11 on my 5 day but my 30 day was flat. The 30 day confirmed for me on 12/9 and has really taken off to the races.

XIV triggered negative yday on the 5 day and has confirmed monthly A down.
 
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copyplus said:
Bonds confirming monthly A up, monthly NL confirmed also. ZB came into 12/1 with a +11 on my 5 day but my 30 day was flat. The 30 day confirmed for me on 12/9 and has really taken off to the races.

XIV triggered negative yday on the 5 day and has confirmed monthly A down.
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You go girl! :)
 
ignl said:
It is strongest sector. But that might work even more against it in case of bad news and reversal patterns (A up A up A down) was in XLF and IYR etfs and GS and MS stock + weekly A downs + VIX + general market irrational exuberance and current little nervousness coming back (gold creeping up, bonds creeping up, yen correcting really fast). This is like I heard something and just need to check it out - maybe its just wind, maybe a burglar :) And if market drops you want to have something on before it. If it makes new highs - well so be it. That's why I put my short position on strongest sector and shared here with a risk of looking stupid :)
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Thanks for the post Ingl. Well done.
 
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