The ACD Method

What are you guys seeing out there? My equity NL are all over the place.

SPY- Yesterday was the first day it confirmed for me in a while. I have it at +9 now and above my weekly and monthly A levels. It closed below my quarterly level today.

QQQ- Hasn't confirmed for me at all. Have this at 0.

Haven't seen a lot of follow through lately both on longer time frame and even intraday has been very choppy.
 
DT3 said:
What are you guys seeing out there? My equity NL are all over the place.

SPY- Yesterday was the first day it confirmed for me in a while. I have it at +9 now and above my weekly and monthly A levels. It closed below my quarterly level today.

QQQ- Hasn't confirmed for me at all. Have this at 0.

Haven't seen a lot of follow through lately both on longer time frame and even intraday has been very choppy.
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Good timing on that SPY confirmation. :)
 
Maverick74 said:
I still have a choppy number number line for USD/JPY. The two best pairs I have right now is long USD/CAD due to the weak oil. Peso is also ripping but that re-set for me. The loony did not. And if you want to short risk right now, stay the eff away from the ES and short GBP/JPY.
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This post is from sept 23. This is why relative value matters and why we track number lines. I mentioned avoiding the ES short which rallied 6% from this day (a lot of that came today) and the GBP/JPY short which I recommended in it's place is up only 1% over that time period. So if you were hell bent on being short the market, the currency was the better play. And that trade was actually profitable as a short up until last week. Number lines matter...
 
Maverick74 said:
Yeah the scenario I laid out several weeks back about a parabolic blowoff top early next year seems to be playing out perfectly. New all time highs are a few weeks away.
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Markets usually function to mess up with most amount of investors and such a scenario would probably be perfect for that. Shorts and perma bears will have to close out their positions on new highs. Bullish investors who went cash will "realize" their mistake and go back in. New euphoria will attract a wave of new pigs and of course most bears will give up trying to short market when real thing happens :)
 
still flat on the 30 day, but some VERY weak short term n/l in energies. also, within spitting distance of yearly A down in nat gas. just something to think about over the weekend
 
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