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.
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8 comments:

  1. MrMiyagiJune 29, 2011 at 11:43 AM

    So is TZA a buy now and SPY a short?

    ReplyDelete
  2. John TownsendJune 29, 2011 at 12:17 PM

    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.

    ReplyDelete
  3. jeffJune 29, 2011 at 12:24 PM

    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?

    ReplyDelete
  4. MrMiyagiJune 29, 2011 at 12:44 PM

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

    ReplyDelete
  5. MikeJune 29, 2011 at 1:00 PM

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

    ReplyDelete
  6. AnonymousJune 29, 2011 at 1:01 PM

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

    ReplyDelete
  7. John TownsendJune 29, 2011 at 1:24 PM

    www.FreeStockCharts.com

    or

    www.ThinkorSwim.com

    ReplyDelete
  8. DukeJuly 3, 2011 at 10:13 AM

    is S & P a short yet?

    ReplyDelete

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