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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (54820)7/22/2019 3:19:54 PM
From: FJV  Read Replies (1) | Respond to of 79444
 
No, not a seminar attendee, but I have been following this thread for many years. I don't post much anymore but I appreciate the excellent content posted by you and Woody over the years. Thank you.

As for QTT, I have been following it for some time and decided to get in last Friday. Again, thanks for your input on a symbol I have been watching for a while.



To: Doug R who wrote (54820)7/25/2019 4:58:56 PM
From: Doug R  Read Replies (2) | Respond to of 79444
 
Since QTT is a purely technical indicator trade - here's the update:
The 13,8 ,8 knee has just barely rolled over but %k is still above %d. It's basically gone flat.
The 3,1,2 is into oversold. Normally, at this point in the 3,1,2 if there's further downside the next upward reaction gets price at least to this spot again so that's a bit of "protection" going forward.
The 3dRSI has a hinge and is above its most recent uptrend. That supports the "protection" from the 3,1,2.
The 7,3,10 remains elevated.
No sell signal.