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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (154603)	3/18/2020 2:00:21 AM
From: sense	Respond to of 219644

There were some reassuring words from Mnuchin, I think it was, today... Saying there was no circumstance they can forsee in which they would close the markets... that the event(s) on 9/11 closed the markets was a function of the physical necessity due to the destruction of infrastructure... and that otherwise it wouldn't have happened, even then... This is also a disaster that is unfolding... but nothing markets can't handle ? I hope that's true... I've been expecting what's happening now for such a long time... and would hate to be denied the opportunity to weather the transition as best I'm able... We'll see... I do have my rhythm back, today, it seems... and have improved in a couple of ways in result of the hiatus.... Charts: First, look at two "up" charts: SQQQ and DPK, and then a few "down" charts: JNUG with a focus on the chart before the turn higher, and I'll pick one for the short oil interest or silver. The features that matter in comparing them, being the point... I ducked out of SQQQ on Thursday to rethink things. Today, watched the green screens and waited, then stepped back in SQQQ around $24. Took a nap. This evening I hear tomorrow is slated to be another major index limit down day already, seen early in the futures trading in Asia. This chart emphasizes exponential indicators for an exponential kind of market... The ATR is 3.783... so including instead the complex ADX for its dissection of the directional indicators in red and green. The bollies are volatility driven like ATR, wide being more, but they pair that with a visual attachment of performance in relation to them, here.. with SQQQ channeled between the upper bollie and the exponential moving average envelope as the RSI stays mostly above mid band carving out sawteeth... Looks like a solid uptrend to me. DPK at ATR of 2.33... in the same chart setup. The greater volatility in SQQQ is clearly apparent... even with the lower bollie going off chart on the 18th for SQQQ versus the February 24th date for DPK and the rest of the market, as they suddenly woke up to change occurring. SQQQ anticipated the market drop by a couple of trading days... not just because a bigger bollie went off screen sooner... but moved up for two days in a row prior to others ? The DPK chart looks tame in comparison... better if you want to ride it longer term maybe, but not if you're in and out, low to high and high to low ? Look at the difference in the ADX ? Here I moved it back to 14 versus 3 and like the picture better. The block diagram in red for tomorrow... looks like its staking out big moves in SQQQ core components... so we'll see what the chart does with that tomorrow. JNUG in the same chart setup, with the ATR just off the peak at 11 on Friday, down to 10.08 here. The RSI just moving up into the band... the bollies expanding from nothing into a day lily, but candles are hugging the lower bollie until yesterdays trade... now the candles march sideways moving back inside the bollies. MACD is -16 but looking like it wants to bottom and curve up. ADX has red falling, green rising... No one here likely overly challenged with the fundamental relationships in gold versus the market now ? So, worth watching this as "helicopter money" grows a lot more real... What do you see in that chart that "predicts" the change... not yet a reversal... BEFORE the market pasted two white candles next to a vertical descending bollie ? Maybe the pinch between the MACD and the ADX ? The reds in them lined up pointing ADX red down before the ADX green turns to agree with the black on the way up ? WTIU has some similarities... but... marching back into the bollies isn't moving oil higher... the fundamentals in oil... getting even uglier... as demand drop is exceeding predictions... they're even talking about negative pricing in oil... Silver ? Here's USLV: