-
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!JTH's Account Talk
- Thread starter JTH
- Start date
JTH
Well-known member
Post 2009, volume commitment usually means prices are going down, while light volume has been floating these markets up. So while there does not seem to be much volume on the recent gap up, that doesn't mean it's a bad thing.
JTH
Well-known member
JTH
Well-known member
JTH
Well-known member
___
Transports issued a Low Pole Reversal today, it does not reverse the bearish price objective. As we can see, prices recaptured 50% of the previous X,2 & O,1 columns.
View attachment 31932
View attachment 31933
JTH
Well-known member
Thank you, I'm glad to get some positive feedback on understanding how the stats are displayed. The goal is to display the most information possible but ensure it is quickly digested. Ideally I want the user to spend less than a minute on a chart, decide what it means to them, then move on to something else they deem important.
MrJohnRoss
Well-known member
I agree with Kave. You do great work and these are very helpful.
Thanks!
I agree with the others, you've obviously put in a lot of work to display here, and it's always interesting and thought provoking.
Keep up the good work.
JTH
Well-known member
Transports are the only index with a bearish price objective, it will take a 3.54% gain to put in a reversal, so I won't be looking for that to happen anytime soon. On the far right column, the Trend Strength indicator has given us a positive increase. All-in-all the market board is in the green.
View attachment 31936
jkenjohnson
Active member
JTH
Well-known member
Hard to say, I'm not sure of the statement I said, it could have just pertained the the circumstances of a specific situation. I view the Transports as an early system, but there are occasions where a false warning is issued. As I have a great deal of data to work with, my own personal trades are based off a mulititue of factors, not just the Transports.
Looking at the charts below, we can see there is a divergence going on, I consider that concerning.
View attachment 31941
View attachment 31942
jkenjohnson
Active member
Thanks.Do you use the PSAR indicator? Just scanned the 3 month daily charts for the indices, not one of them went under to give the support going into today. Good sign for AGG, bad sign for my 20% I/C going into next week. Still, I was expecting volatility this week and I certainly got it. Next week???? heebie jeebies, I have no clue. No move for me today.
JTH
Well-known member
Tough end to the week, Monday needs to go green or I'm inclined to think we'll head lower.
JTH
Well-known member
Today's price action paints a differnt perspective for the PnFs. I may post a Saturday PnF blog if there's interst.
JTH
Well-known member
Thanks, according to current stats, if the Cowboys beat the Packers, it will be a bullish week....
JTH
Well-known member
Alright, I'm blogged out for now. It's difficult to maintain this level of intensity, work has been busy, so if I'm smart, I'll slow down a bit.
Latest Blog: Market Update: PnF's Range CompressionSimilar threads
