Golden Trees of the Forest
! ! ! ! ! ! ! XIV - Inverse VIX - 10 Min 60 Day Candlesticks, 1280
! ! ! ! ! ! $SPX - 14 Mo Daily Heiken-Ashi, 1280
Nov 27 > A new S&P BTD (Bradley Turn Date) arrives on Mon Nov 28. This is to be a 100/100 power and of declination. Feb and June also had a BTD and a power of 100/100 from which the markets rallied hard. The situation has changed today, as this date falls on market highs. Some BDT's have absolute no market reactions for direction, while others have pronounced market moves. The day of BDT does not mean a turn on that date, but to be aware of a possibility. Being that theses dates are determined months ahead and are derived from calculation of alignment of the planets, so no major turn is guaranteed. $SPX 1 hr chart 16 mo Renko and the SPY chart say a whole lot. A power of declination would seem justifiable. ..A major turn may be closer to the next FOMC meeting and rate hike?
! ! ! ! ! ! $SPX - Weekly 5 mo Renko, 1280
! ! ! ! ! ! $SPX***** - Weekly 8 mo Renko, 1280
! ! ! ! ! ! $VIX***** - Weekly 3 mo Renko, 1280
! ! ! ! ! $BPSPX - Daily 15 Mo Candlesticks, 1280
! ! ! ! ! $GOLD - Daily 3 yr Area, 1280
! ! ! ! ! $INDU *****- 2 hour 3 years Area, 1280
! ! ! ! ! $INDU - 2 hour Elder Impulse System, 1280
My rules in trading are:
Rule #1 > If price drops below entry point, sell immediately. This is one of the most stressed upon points in trading, as it protects capital and prevents losses.
Rule #2 > Never get brave and buy anything on its way down.
Rule #3 > Always wait for chart indicators to turn up off the bottom before placing a trade. (Only use charts with timely and good clear, easy to understand indicators.)
Rule #4 > Always obey the indicators on your charts.
Rule #5 > Use trading stops to protect capital.
If you follow these simple rules, trading and winning will be on your side.
! ! ! ! ! $INDU - 2 hr 3 yr candlesticks, 1280