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Hi Ben,
The Medianlines per the chart I had attached earlier
show this to be a place where there will be overhead
supply. For the past 3 days I have been watching the
spectcale of having made a fool of myself publicly by
posting my view on the S&P earlier . The fact that you
also think this is a "probable" resting spot/turning
point makes me think I am not SO daft after all. That
ofcourse is subject to the caveat I havent opened my
bloody mouth much too soon again. :).
Regards
R
--- sg9310@xxxxxxxxxxx wrote:
> Hi Ben,
>
> The Bollinger Bands show similar when compressed but
> when extended over a
> longer time frame, it does not look as bad.
>
> What you have appears proprietary. What would it
> look like if you
> extended the time to one year...or two years?
>
> Sallie
>
>
>
>
>
> > I have attached a gif of my long term trading
> >
> > this indicator is used for a position trade of 1-3
> weeks
> >
> > it is designed to let you know of when NOT to
> be greedy
> >
> > it is suggesting to take money off the table
> >
> > (now that does not mean we will not make a higher
> high, but, )
> >
> > max upside for now is 10 sp points
> >
> > NASDAQ
> >
> > the picture is more immediate
> > and if it is up more than 10 I would short it via
> qqqq
> >
> > (stop loss 25 cents)
> > Ben
> >
>
>
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