Tuesday, June 8, 2010

TSI - Trading Ideas


GLD daily chart.
TSI bullish above ZERO.
But there is a significant problem. Divergence spells a short lived rally is likely this time. From here you can wait for a pull back.
Click on the chart for details.




NGD daily chart.

TSI bullish above ZERO.

This is a great example of TSI rising above zero while price also rises. Price is about to make a new high while it appears the TSI is NOT going to confirm. A reading of about .40 would confirm. We are at .23

Click on the chart for details.




GBG daily chart.

TSI below ZERO and rising.

The dynamic going on here is one that leads to a price explosion. Price is being contained while momentum (TSI) is rising. Now at -0.07, not far to the ZERO crossover and then price explodes higher.

Click on the chart for details.

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