Wait for the parameters to be met
7 hours ago
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.
Thanks John, You nail it again
ReplyDeleteHappy Trading ,
Great charts!
ReplyDeleteAre you still in your ES trade? I hope so, looks like we had some kind of top--ST or IT remains to be seen--early this morning.
I'm wondering about the /ES trade as well. I'm still holding my TZA waiting for some sort of retracement. It doesn't want to give back any gains at all. I don't know much about cycles, but it seems like we are due for something to happen. Volume is so low on spy too. Maybe that's normal for the beginning of a year. Not sure.
ReplyDeleteHi John, Thanks for your posting. Do you think that maybe this time the gold D-wave will conclude and a new A-wave will start without breaching the downhill trendline (see 'Sold DUST @ $ 37,76 - Gold Leaves a New Clue' of January 6, 2012)?
ReplyDeleteThanks again and good trading.
Guus
Hi Norm - not sure what I nailed, but if you are happy, I am happy!
ReplyDeleteNew Post - http://thetsitrader.blogspot.com/2012/01/tvix-sentimental-dinosaur-rsi-and-pc.html
I outlined my basis for selling an ES contract and my expectation on when I will be able to sell it profitably. Nothing has changed whatsoever.
GUUS - Without having some of the confirmation pieces in place to announce a certainty, I think the D-wave is over and December 28 was the beginning of a new Intermediate (Weekly) Cycle and the beginning of the A-wave. But whether this is true or not does not really matter to me. I will continue to use the TSI to make the best decisions I can and hope I can make more money than I lose.
TYPO - when I will be able to "buy" the ES contract back.
ReplyDelete