Professor’s Comments November 17, 2014
Posted by OMS at November 17th, 2014
Here’s a few Tide Charts for you to look at today while you’re watching football.
The first is a Daily chart from the 207-2008 crash. Note how The Tide identified every major turn during the 2007-2008 crash.
Chart 2 is Weekly Chart from the same period. Note how the Tide started to turn negative two months before the Dow actually topped. It was a warning! Then note how The Tide put you back into the market once the crash was complete.
Chart 3 is the current Weekly Tide Chart. The take away from this chart is that 3 out of the 4 breadth indicators that make up The Tide are ALREADY negative. The lone holdout is the Hi-Lo indicator, and this week we started to see the number of new lows increasing.
You might want to think about these charts as you enjoy the game.
Just like in football, when you trade the market, you need to have a strategy and a plan to execute that strategy. Take some time today to think about what you’re gonna do IF The Tide starts to turn negative.
That’s what I’m doing.
h
Not sure of the terminology we use? Check out these articles
The Hockey Stick Pattern
The Creation of Waves and Trends
FAQ
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Category: Professor's Comments