Wednesday, June 29, 2011

Buy Wholesale, Sell Retail. Repeat.

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Click on the chart to ENLARGE

This happens over and over again. It's incredible.
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Thank you True Strength Index (TSI) indicator.

8 comments:

  1. So is TZA a buy now and SPY a short?

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  2. MrMiyagi - 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.

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  3. I'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.

    Are you still shorting silver?

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  4. John,
    What chart provider has TSI? I see RSI in all but not TSI.

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  5. Great call. It just crossed and is moving up it appears.

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  6. John,
    What charting software do you use? Great blog, glad I found it.
    Thanks, Tom

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  7. www.FreeStockCharts.com

    or

    www.ThinkorSwim.com

    ReplyDelete