Tuesday, January 12, 2010
Here are all the Oscillators I use to draw 10 Minute Chart T's of XLF
This is the basic oscillator chart derived from Terry Laundry's calculations and it only reveals the cash build up phase upon close scrutinizing. This basic oscillator is best adapted to reveal strong over bought and over sold situations. You should take note that the XLF is approaching four (4) sigma or four (4) standard deviations below the zero line. This is an extremely rare event and we should begin to look for a low price for establishing a new center post.
This is the first derivative of the basic oscillator for the 10 minute XLF. This oscillator is almost (3) three standard deviations (sigma) below the zero line.
Note how quickly the price sold off as this T expired.
Here is another look at T's drawn from another oscillator illustrating the sell off after the expiration of the T.
Here are two (2) more oscillators showing how all the oscillators consort to illustrate the cash build up phase and the market appretiation phase that follows. There is a small T that is relieved by these oscillators and it turns out to be a Bear T. According to Terry Laundry, The right side ending of a Bear T will approximate the position of a new center post. We will see about this one.
This is a very smoothed oscillator that illustrates a T that expired almost exactly at the top of the market.
Here is a pastiche of various oscillators used ti identify the center post and left side of the T.
Financials usually sell off first at an interim top and they are the first to rally at the bottom. I still have my positions in DIA, BGU, and BGZ. I had a nice profit in them at the close yesterday but I did not hear the Ducks quacking. Currently I am at break even and I will wait till the close to decide whether to hold the positions or liquidate. I am looking for a new center post.
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