The Daily T has expired so in the longer term we are in a time of market under-performance. I intend to take advantage of this market weakness and short the rallies. I will look for center posts in the 10 minute charts in order to find entry prices for shorting the market. The lower chart is a directional chart of the oscillator which marks a change in trend as it moves from positive to negative. As you can see at the close on Friday the oscillator was indicating a market rally was beginning. I will post the prices that I will enter the market later in the session.
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2 comments:
can you give a general indication as to when the 10 minute T will end?
The T began on 10/29 at 15:20, The center post is on 10/30 at 15:20 so it ends on 11/02 at 15:20. This is an example of a failed T that is very common when the longer term Daily T has expired. I had assumed this AM that the T would most likely fail so I was looking for an entry point to go9 short of the market but nothing developed.
DC
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