** RoughDollars Best Charts - Feb 12, 2016

Edward Hunt Has Had Over 100 Followers Rank: 17 Followers: 120 Votes: 282 Years Member: 7 Last Update: 12 February 2016, 10:12 Categories: Trend Analysis
General Market Commentary
ETFs

Feb 12 > Being that TVIX and UVXY are sitting at a high pole position, Wall Street decided that a rally was in order. $11.79 is support for TVIX with next at $10.75. Oil up 5%, gold down $10. Talk yesterday at the FOMC meeting was about the same as usual. but this time minus interest rates were discussed. Why was that even mentioned? Aren't the savers in this country worth anything? Thank God the gov't can't print land, water, crops and timber.......

Feb 11 > Feb 1st was a Bradley Turn Date. And the outcome being? Has a bear market finally arrived? Many charts are leaning that way. $TRAN say yes. Remember TNA at $90? Boeing down $12 today. Major support for the $INDU is 15,666, going back to Aug, 2013. That support so far is being broken today. Buying the long side of dips is not working, so bearish dips are, so bear market? What will make this market turn around? Another QE? Negative interest rates? Think not on both....Neither clears and erases debt. Things that would help this market is: Reduction of fed spending, a balanced budget for fed & states and a reduction in size of fed gov't. and taxes. Gold up over $50 this am.
Checked the trap line on the back side of farm last night on Deep Creek and caught a 35 lb beaver ( #5 ) in a 280 conibear, first one in 30 days. Cold doing better but the market is not....

Trade well my friend...

http://data.cnbc.com/quotes/%40GC.1

Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.

Less

! ! ! ! $INDU - 2 hour 1 year Heikin-Ashi, 1280

! ! ! ! $INDU - Daily 6 Mo Solid Line, 1280

! ! ! ! $INDU - TVIX 10 min 7 Days Candlesticks, 1280

! ! ! ! $INDU / TVIX - 10 min 7 Day Area, 1280

! ! ! ! $SPX - 10 min 15 Day Candlesticks, 1280

! ! ! ! $TRAN - 2 Hour 2 Mo Heiken-Ashi 1280

! ! ! ! $TVIX - 1 hour 3 Mo Area, 1280

! ! ! ! $TVIX - TRADE CHART 10 min 10 DAY Candlesticks, 1280

! ! ! ! $VIX - 1 hour 3 Mo Area, 1024

! ! ! ! $VIX - Daily Renko, 1280

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