Comments on: November 9th Recap and ChartFest

By: cloudsandskye

cloudsandskye — Tue, 13 Nov 2007 06:51:38 +0000

These charts are interesting and educational. Thank you!

By: howard lindzon

howard lindzon — Mon, 12 Nov 2007 22:41:57 +0000

great stuff. I hate charts until there is a meltdown so you can get a little entry help.

By: Michael

Michael — Mon, 12 Nov 2007 21:48:55 +0000

Jason — I’m not sure what to make of it. There always seems to be at least one indicator that’s “out of whack” with the rest of the picture. You may be right though about the high amount of recent volume.

Nick — I switched to the 10 and 40 period MAs for ESLR and FXI because they’re weekly charts. I was trying to approximate the 50 and 200 DMA. I forgot to switch them back for the daily charts of TD and DO. D’oh!

By: Nick

Nick — Mon, 12 Nov 2007 21:41:19 +0000

Hey Mike, thanks for the ChartFest.
I’ve noticed you used 10 and 40 DMA for FXI, TD and DO. Is there any particular reason?

I am also wondering how you decide the time frames of charts. Do you extend the time frame until you find a solid trend line?

Thanks again.

By: Tim Sisung

Tim Sisung — Mon, 12 Nov 2007 20:10:54 +0000

In the charts above, $COMPX and GS are failed breakouts to highs. Probably more downside ahead after a weak rally.

By: Jason Coleman

Jason Coleman — Mon, 12 Nov 2007 15:02:28 +0000

Great charts, Mike. Thanks a bunch. What do you make of the fact that the OBV is out of line with your reads of the trendlines and other TA factors?

Are things just really messy? Is it because there’s been so much volume in such little time that that indicator may be off? Or maybe it’s more important now than ever?

Thanks.