DrStool Posted December 31, 2002 Author Report Share Posted December 31, 2002 Heh heh. I'm a Democrat. Got a little hunchback on the 6 min bars. Neckline around 878. Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 We got rising TRIN and negative TICK on NYSE...... Weeeeeeeeeeeeeeeeeeeeeeee! 2:19 PM update....NOT! Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2002 Author Report Share Posted December 31, 2002 Want some more Auld Lang Syne? Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 I minute COMPX,,,,H&S....we be at neckline here...1335 or so. Link to comment Share on other sites More sharing options...
sniff Posted December 31, 2002 Report Share Posted December 31, 2002 Rockhead, Do you watch for range breaks on the trin & trinq charts too? Thanks for reminding me to check them. When things get slow, sometime I don't pay close attention. Anyway, Timeframe: trinq 5 min. chart range: 1 to 1.5 IQ charts makes it pretty easy, one can setup the chart to track price within it's current range in any timeframe. stock, index, whatever. Link to comment Share on other sites More sharing options...
richmtn Posted December 31, 2002 Report Share Posted December 31, 2002 Good luck rich! Watch out for those Fannie gaps! Thanks Doc. Do you remember this time last year. Da Bears were in deep funk. It got real quiet on IDS. I kept you company and I hadn't made my first trade yet. What a difference a year makes. Keep up the great work and tanks a lot. Rich Happy New Year to stoolies the world over. The stool army grows. Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 Rockhead, Do you watch for range breaks on the trin & trinq charts too? Thanks for reminding me to check them. When things get slow, sometime I don't pay close attention. Anyway, Timeframe: trinq 5 min. chart range: 1 to 1.5 IQ charts makes it pretty easy, one can setup the chart to track price within it's current range in any timeframe. stock, index, whatever. Sniff.. I draw trendlines, channels, ranges, etc. on TICK and TRIN and when they break I get interested. Here is what I saw. TRIN was decreasing since 11:15 AM or so....follow the cyan colored 20 period MA. Nice downslope so that was bullish, even though level of TRIN was bearish (above 1.0). TICK was positive when TRIN decreasing, so it was bullish since 11:15 AM or so. I also had a trendline, yellow line, drawn from about 11:15 to 13:03. Then around 13:41 TRIn turned up and 20 period MA also followed with the move up. Then they broke the trendline. But, we never really saw any negative TICK. We spiked down, but didnt stay down. That hurt. Honestly, I dont watch TICK or TRIN on any chart other than one minute. If I am day trading, thats all I need. 5 minute absorbs too much data so you cant see the moves. Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2002 Report Share Posted December 31, 2002 Happy New Year everyone. Doc and all Stoolies thank you for being here and showing me your ways as well as sharing the fellowship that is Stoolville so warmly. Made my last trade of the year earlier, a little dong on my fave swinger QLGC for a possible two day expedition at 34.65. Link to comment Share on other sites More sharing options...
GregFokker Posted December 31, 2002 Report Share Posted December 31, 2002 Long 1/2 position QQQ Feb puts. Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 FWIW.....NYSE 30 minute TICK TRIN How could this be usefull? I dont know. Dont know how to read that much data. TRIN 20 period MA shows to be above 1.0 so that would be bearish. TICK seems to be more positve than negative...so......I dont know....maybe is spells distribution. Just posted this for a comparison view. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2002 Author Report Share Posted December 31, 2002 1 day cycle ozzie close to rolling over on NDX. Back at ya Mousey! Tanks for the laughs! Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2002 Report Share Posted December 31, 2002 CBOE Put/Call Link to comment Share on other sites More sharing options...
PileDriver Posted December 31, 2002 Report Share Posted December 31, 2002 I suspect Turdsday is not going to be a happy one for bulls. Link to comment Share on other sites More sharing options...
sniff Posted December 31, 2002 Report Share Posted December 31, 2002 SPX scalper chart...imo One can see the ranges today. The throw in the 5 min regression channel...... Would someone please push this thing below 878.75 on good volume, ah,er, good juice........ just check, might get it. Link to comment Share on other sites More sharing options...
MrHanky Posted December 31, 2002 Report Share Posted December 31, 2002 I don't trust these bastards...would not be suprised if the dow rose 100+ in the lat 20 minutes today Link to comment Share on other sites More sharing options...
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