So let's try this one more time - we open weak and close red. Best guess is we are down 10 or more points by the end of the day.
Lots of good info on the visual:
Thursday, April 14, 2011
comments and outlook for 04-15-2011
Well as I commented - we started out weak and looked like we were going for a red day until the last hour. So another day that closed green (just barely on the S&P).
So let's try this one more time - we open weak and close red. Best guess is we are down 10 or more points by the end of the day.
Lots of good info on the visual:
GL traders. Do your own analysis.
So let's try this one more time - we open weak and close red. Best guess is we are down 10 or more points by the end of the day.
Lots of good info on the visual:
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I love your work but you lost me on this one. I kind of understand DPO as a guide of past cycle movements but I guess I am just slow.
ReplyDeleteDPO - Detrended Price Oscilator. DPO shows the effect of a cycle (gives you the amplitude of the cycle) - which allows you to estimate the movement due to a cycle. See stockcharts.com chart school for a more complete explanation:
ReplyDeletehttp://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:detrended_price_osci