DrStool Posted February 12, 2012 Report Share Posted February 12, 2012 I'm heading for Canada now. Will be on and off line for the next couple of days. Later! Link to comment Share on other sites More sharing options...
Jorma Posted February 12, 2012 Report Share Posted February 12, 2012 The BDI, along with about every other "indicator" is useless or nearly useless unless: [1] You can review the actual source data [2] Have a perfect understanding of how that data is collected and from whom [3] Have a perfect understanding as to how the data is then processed In addition, specifically in this case, what are the impacts of externalities such as "excess capacity" For instance, if the number of ships available just increased significantly and the number of ships on empty backhaul is temporarily up that should crush the index Conclusion -- it seems the BDI and it's recent plumment is worth a review, but to take that chart on face would be lazy (generally speaking, not pointed at you) In the end, as presented, it's an interesting chart, but that's about it As Doc taught me the markets don't have anything to do with the economy. They respond to liquidity in the same way but there are lags and more and more over the years the liquidity has centered in the markets because the so called money is not transferable into the real transaction economy. So the index may mean something but not for the markets in any way to influence a trade. And then there are the market cycles which are beyond explanation. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 12, 2012 Report Share Posted February 12, 2012 NQ including Globex. Got a gap up to start the Globex session. It is pulling back as I type. Let us see if it holds and what the RTH has in store. As per the chart below, we still have the upper channel as a guideline. Bears need below 2510ish NQ. Otherwise, bulls have control and the trend remains up. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 13, 2012 Report Share Posted February 13, 2012 If we gap up tomorrow, chances are it will be a gap-n-go and new highs should be made. Bears need to prevent this gap in globex, but that is probably wishful thinking at best. Buy on Friday and hold over the weekend? How many times has this worked in the past! If the RTH session opens with a gap up, then look for NQ 2578-2580 as possible resistance area. Link to comment Share on other sites More sharing options...
DrStool Posted February 13, 2012 Report Share Posted February 13, 2012 Is anyone having problems with the site in IE? Link to comment Share on other sites More sharing options...
Goldmember Posted February 13, 2012 Report Share Posted February 13, 2012 Woorks fine foor me. Link to comment Share on other sites More sharing options...
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