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This happens over and over again. It's incredible.
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Thank you True Strength Index (TSI) indicator.
The TSI Trader offers technical analysis of the stock market, gold and selected mining stocks using the True Strength Index (TSI). The True Strength Index is a sophisticated 'low-lag time' momentum indicator. Projected earnings of mining company stocks are provided weekly by Bill Matlack's Metals and Mining Analysts' Ratings and Estimates report published at Kitco and are used to highlight some mining stocks for study.
So is TZA a buy now and SPY a short?
ReplyDeleteMrMiyagi - no, not yet. Keep your eye on the 10 min TSI (7,4). It will tell you when it is time. It's likely a few hours away still.
ReplyDeleteI'm waiting till 131.73 of SPY to short. That is the top of the June 2/3 gap fill and the 50% fib retracement from the may highs. I think this is another 1hr or so away.
ReplyDeleteAre you still shorting silver?
John,
ReplyDeleteWhat chart provider has TSI? I see RSI in all but not TSI.
Great call. It just crossed and is moving up it appears.
ReplyDeleteJohn,
ReplyDeleteWhat charting software do you use? Great blog, glad I found it.
Thanks, Tom
www.FreeStockCharts.com
ReplyDeleteor
www.ThinkorSwim.com
is S & P a short yet?
ReplyDelete