the game goes on


  • 1
  • roofer
  • 8-Jan-2014 at 12:32 PM
  • Rep: 3,679
  • Posts: 3,574
nothing new..... the computers continue to play the game
Click image for original size
jan814a
  • 0
  • roofer
  • 8-Jan-2014 at 1:13 PM
  • Rep: 3,679
  • Posts: 3,574
in my work., price is making an important choice

sharply higher or lower
in today['s trade i was simply trying to capture the move from one 886 to the other
then stand aside

the computers continue to rotate trade signals through the index etf's
  • 1
  • roofer
  • 8-Jan-2014 at 2:57 PM
  • Rep: 3,679
  • Posts: 3,574
and rotate they did... while there was nothing clear in DIA, AT 1200 the computers
took price to the .886 in QQQ, SPY,TNA
SPY example shown

Click image for original size
jan814b
  • 0
  • roofer
  • 8-Jan-2014 at 3:08 PM
  • Rep: 3,679
  • Posts: 3,574
in 1984 in a phone conversation tom demark said something to me that applies right here

''price moves, not because buyers or sellers step in but because one side capitulates''

at this moment both longs and shorts are positioned basis the .886

both can't be right... one side will capitulate... get ready!
  • 1
  • roofer
  • 8-Jan-2014 at 3:38 PM
  • Rep: 3,679
  • Posts: 3,574
with the DIA unable to break lower and the SPY again at an 886 at line

daytraders took profits
Click image for original size
jan814c
  • 0
  • albert
  • 9-Jan-2014 at 9:21 AM
  • Rep: 99
  • Posts: 3,094
Originally posted by roofer

nothing new..... the computers continue to play the game
Click image for original size
jan814a



Awesome chart, work and comments. Thanks for sharing.

Al Kamego
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