Wednesday, March 30, 2011

TICK Tick Daily Chart

TICK tick daily chart shows time to short with the red circles and time to go long with the blue circles. Same methodology that a smart day trader employs where shorts are entered on the +1000 ticks or longs are entered on the -1000 ticks to give the trades a little extra bang for the buck. Thus, we are about two weeks into this rally which was signaled by the last blue circle on the lower right of the chart.

Now tick is up over 800, typically a +1000 tick shows that the bullishness is too rampant and some smacking down is in order, hence, the projection would be for the indexes to form another top in here, in this +800 to +1000 range, perhaps the wildly bullish area of +1200, and then the indexes will reverse in quick order. Should be any day moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

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