Mood Swing - Friday, page-3

Thanks Jako

Yearly Highs and Lows

The High low summation line accelerated slightly gong to a new 6 month low - drawn in a pink dotted line to show the levels historically. The red dotted line shows  the level of the yearly lows.  This particular study shows no reason to believe in any further movement than down - ie no hesitation, no O/S being reached etc.

Candles

Another big red candle. Avg volm - a slight increase on yesterday, above average range. My momentum and cyclic indicators are still pointing down.




Relatives by Size

Nothing insightful here. XSO still steaming lower.




Relatives by Sector

I have no insight on this one.




Conclusion

The current move is obvious, it's ending, less so.

From my perspective, I'll have to make sure to look for clear signals to take positions. Gonna be hard to differentiate between selling climaxes and rapid (but unclimactic) downmoves. I will miss a few low tests over the next few days, and I have to accept that now and not pay mind to it when it happens.

Otherwise, draw water, chop wood, trade the trade.




Trade carefully everyone.