OK for those who are following my post i was taking about TSI on the DIA and that the market was in and overall downtrend. I wanted to post the chart so you can see but I cant seen to get it on this board. (if someone can post it please do). Ok Crusthru said that it happen twice in 9 months. Thats right. Thanks for correcting me on that. I think it is May and August. I want you guys to go and look and tell me what you see as TSI goes down zero in those two months. The market gets hammered. (like it is doing now). BIG DROPS happen when TSI goes to zero and it is heading there now. It is not a noisy indicator, thats why i like it. Only twice in 9 months. If you read my post I am on the sideline this week and am not trading DIA this week
This is where my head is on the market. I think we got to pop or rally a bit before we get this big drop. lets see how this week plays out, but the OVERALL TREND IS DOWN, but that does not mean the market can not run. BE safe. I am going to wait for pops and then Short
Draw a line at aug 9th to oct 18. That is the upper part of the channel. Then extend the channel through oct 7th.
The trend is a little moe down, but about to reverse. It's the channel of the TSI. Very powerful indicator. It confirms what I didn't know but could only speculate on. Were about to reverse of that low end of the TSI channel into the Santa Rally next week and into December.