Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (43330)	1/7/2013 5:58:37 PM
From: Vendit™	Respond to of 220476

I am in the global to balance my risks. Both funds are up nicely dollar wise for me since Jan 2nd.

To: GROUND ZERO™ who wrote (43330)	1/7/2013 6:41:37 PM
From: Vendit™	2 Recommendations Read Replies (1) \| Respond to of 220476

The lower indicator on the chart below is the ADX which accurately measures trend momentum without regards to momentum direction. When blended with two other indicators you get a signal that shows direction well which is the indicator you see on the chart. With that said you can clearly see that both momentum and price direction may be setting up to change from up to down. The next thing I notice on the main chart is falling volume coupled with falling price. IE the air is leaking from the balloon. Investors are exiting or going short. Now note the move of today’s candle back inside of the upper Bollinger Band. I pointed out on the main chart with blue arrows what happens when the candle loses contact with the upper band all together and an orange line hovers above the new down trend each time that this happens. Keep in mind that the candles disconnect from the upper band has not yet happened but I expect that to be the case tomorrow so the new down trend will be born. The chances of the new down trend are much greater than 50% and one day away from confirmation. Only some sort of news event can change the math and change this but only for a short time. All IMHO