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blu
Posted 4/19/2014 17:20 (#3825343 - in reply to #3824879)
Subject: RE: Quick questions.



 

1234  --

I sometimes use a heavier line or different color if I think
the area has more likely suppt or Resist - vs  lighter line

I also think the more "Hits" the Suppt/resist line has - the better chance it has to hold.
Just a quirk of mine  - nothing written in stone.

Knowing the Funds use the Moving Average crossover's -
reinforces the significance of the cross - to Me.
They have lots of power to move the Mkt 
I dont really know how they use them tho.

I do think the longer term - like the 100ma cross the 200ma can be pretty significant -
more significance maybe then the 50ma crossing the 200ma you mentioned

I also like to see if the Mkt has been showing respect to a MA in the past --
like on the MWU14 Sep Weekly I posted --
Note how Px respected the Blu 200ma all across the chart.
and on the left side Px seemed to respect the Red 50ma for a bit.
I think past behavior has significance.

Note the Dec Corn Daily -- Px seemed to respect the 50ma and the 100ma and the 200ma.
Now a return to test the broken Blu 200ma maybe to 485 wouldn't be a surprize to me -
In fact I expect something of a setback like that.
But  if Px doesn't setback much - it is a stronger Mkt  -- at least to me.

Some times Px ignors a MA completely -- and  it
seems to do so more frequently nowdays vs several years ago.

Personally, I think the move to 24 hour Electronic mkt  changed the
Px behavior vs the days of the Pit trading - not for the better either  imho

I guess these comments are my own personal quirks of Px action.
Sometimes they work - other times they dont.
Some would say more often then not.
lol

so there I told you more then I know.
Get Me started and that's what happens 
lol

Thanks

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