OK, I WANT TO GUIDE ANYONE INTO THIS NEXT TRADE. IF YOU READ MY POST I THINK WE ARE SETTING UP FOR A DROP IN A COUPLE OF DAYS. I WANT TO SHORT POPS IN DIA GOING FOWARD(BUYING PUTS). OK LOOK AT TSI (INDICATOR) ON DIA. TSI (TRUE STRENGTH INDEX) IS THE BEST AT LOOKING AT OVERALL TREND. NOW THAT WE KNOW OVERALL TREND IS DOWN, WE HAVE TO BE CAREFUL OF THE POPS. JUST BECAUSE TREND IS DOWN. THAT DOES NOT MEAN THE MARKET CAN NOT RUN A BIT. THE NEXT TRADE I MAKE , I LIKE TO CALL "PUT THE HOUSE ON IT". I WILL PUT ABOUT 1500 TO 2000 ON THE NEXT TRADE. THE SET UP IS PERFECT. IN ABOUT 5 TO 10 DAYS. I WILL KEEP YOU POSTED WHEN IT IS READY. THIS IS GOING TO BE GREAT. CRUSINTHRU- STAY TUNE THIS IS GOING TO BE BIG PAY DAY.
True Strength is a variation of the Relative Strength indicator. It uses a double smoothed exponential moving average of price momentum to eliminate choppy price changes and spot trend changes. This indicator has little or no time lag. An increasing True Strength value indicates increasing momentum in the direction of price movement.
iT HAS NOT BEEN BELOW ZERO IN ABOUT 7 MONTHS BUT IT IS GOING THERE FAST. IF YOU HAVE THINKORSWIM YOU CAN PULL THIS UP ON A 9 MONTH CHART AND SEE TSI. I WANT TO YOU LOOK AT THE HISTORY OF TSI ON DIA. WHEN TSI GOES TO ZERO THIS MARKET DROPS BIG. (MONEY MONEY MONEY FOR US)
I agree with your analysis. ThreeTenOscillator is at -.956 and it should be at zero. There are a few indicators that conflict (market could have a little pop) Tried the TSI index, and like the other poster did not see the 9 month period it was below zero.