unloved wednesday, page-11

My trigger finger, whether it is buy or sell, is at attention in this environment.

With that, I find the NY Advance Decline Line helps with timing the temperamental emotions of the DOW. It’s not perfect but it helps with perception and the probability of the net move.

Based on the Present chart, this move may be getting somewhat mature.

Also, the fact that the Greek Election is a good 2.5 weeks away (June 17th) concerns me too as that time period is quite long in the world of stock markets if you ask me.


Present





2011 Mid-Year Correction





2010 Mid-Year Correction




Source


Any thoughts or shared concerns out there?

Shonan Trader

PS. FYI below:

Bullish for Stocks/Commodities

• Falling US$
• Rising EURO vs. US$
• Rising Commodity Channel Index (CCI)
• Falling VIX
• XSO (Australian Small Ords Index – Often ahead of the trend)

Other Useful Links to help with some T/A Jargon:

Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
Advance/Decline Line
Commodity Channel Index (CCI)