tag:blogger.com,1999:blog-2643613788950912206.post2707765865620405936..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: The Elephant and BUY/SELL SFMI - .083/.097John Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2643613788950912206.post-69662119573527210222011-05-18T16:05:28.526-05:002011-05-18T16:05:28.526-05:00John- thanks for the clarification although my cha...John- thanks for the clarification although my charts show the dollar hit 75.13 while the 50dmva sits at 75.14 so I'm not sure I would consider a one penny breach a true break of the 50dmva support. If we get a low volatility down day tomorrow it will look like a continuation of the bull flag formation.Danhttps://www.blogger.com/profile/06532170043439921989noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-15565568180800864722011-05-18T11:18:56.301-05:002011-05-18T11:18:56.301-05:00Mr John you must be bored. Silver Pink 009/007.Mr John you must be bored. Silver Pink 009/007.Edwardhttps://www.blogger.com/profile/10546936392150583446noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-62003501458830077822011-05-17T21:57:30.253-05:002011-05-17T21:57:30.253-05:00Dan -- thank you for post. I stand corrected. ...Dan -- thank you for post. I stand corrected. My apology. Indeed, the US Dollar is sitting above its 50 dma, not 200 dma. And, in this evening's session the dollar has now fallen below the 50 dma.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-58545353484667417912011-05-17T20:58:34.149-05:002011-05-17T20:58:34.149-05:00Where can we get charts of the "June `11 futu...Where can we get charts of the "June `11 futures contract /DX"? <br /><br />I see the $USD is just rolling above the 50dmva but curious to see the chart you are referring to.Danhttps://www.blogger.com/profile/06532170043439921989noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-9042354007255484172011-05-17T19:15:55.738-05:002011-05-17T19:15:55.738-05:00good evening Monty -- nah, SFMI does not scare m...good evening Monty -- nah, SFMI does not scare me. I have known this company in gory detail for several years now and recognize when something is out of whack. I probably sold too soon, once again, but so what?<br /><br />Yes, 4Hr TSI on UUP has a negative divergence. As a matter of fact, it appears to have made three in the past week. This tells me a couple of things, neither of which are particularly brilliant. One, the dollar is running out of steam and getting closer to making a bearish ZERO crossover. Two, the dollar, if it begins to rally sharply will set off a bullish trend line break.<br /><br />Silver - I see something of a trend line break on the daily and a near trend line break on the 4Hr. But in either case, the TSI is still below ZERO.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-54734170959780848262011-05-17T18:52:10.620-05:002011-05-17T18:52:10.620-05:00john good evening,
You have a lot of courage...john good evening,<br /> You have a lot of courage jumping on something like sfmi at the moment. But, you did well. I can't come up with those nice little scalping moves like you do.<br /> Now, Take a look at the 4 hr tsi on the uup. IS THAT A NEGATIVE DIVERGEANCE?? Other momentum indicators also showing the same. You read and work with the tsi much better than I. Maybe I'm looking at it wrong. That TSI gave a good indication this morning on slv. Positive divergeance then 0 crossover.Montyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.com