Thanks Haim,
That's a cool looking chart, and an interesting site as well.
I would describe my position in LU as trepidatious, but a good
percentage play.
On my intraday tick money flow rundown I have LU ranked number one on the big board recently on February 16th, 18th, and 19th.
Yesterday it was ranked third.
This coupled with the break above the Jan-Feb downtrendlines
in SPX and NYA, and above 105 in LU, and the probability that
the market is following the weekly McClellan oscillator and summation
patterns for 1957, where one more sharp rally to new highs occurred, after the initial breakdown, makes it worth a play.
Also, the 50 day simple moving average is at 105.589 and the expo
is 101.986.
I see that you drew the downtrendline from the January 8th peak at 120, where the peak volume occurred.
Vitas |
