RoughDollars Best Charts - Oct 21, 2014 - Weekly renko charts

Edward Hunt Has Had Over 50 Followers Rank: 17 Followers: 83 Votes: 377 Years Member: 5 Last Update: 21 October 2014, 13:52 Categories: Trend Analysis
General Market Commentary
ETFs

Tuesday Oct 21st>Wall street figured that the ebola scare was overdone and got down to some serious buying since Friday. The weekly renko charts don't give many buy or sell signals, but when they do, they have been spot on. Between the weekly renko and the weekly area charts of the $INDU, $SPX and the big four etf's, they all have earned a high respect in my book, for accumulation of wealth. I hope the charts are helping you all as well.
Weekly renko charts of MIDU, TNA, SOXL, and XIV are doing what they were designed to do and that is show weekly trend changes and avoid the daily whipsaws, and of course to help make money and protect your capital. Trend changes are not something that happen often, but spotting them and then reacting is what trading is all about. Stay with trend until it turns red again. The trend is your friend until the end....Raise your stops as the market rises.
Happy trading...and don't forget to vote.

Monday Oct 20th> -
Mountain trip was very pretty and wife celebrated her 50th class reunion, very nice event at a country club. IBM had a earning miss, and got punished. Gold up $8. Market having a nice bounce and SOXL leading, MIDU and TNA in lock step. Don't know how far up we go, but the weekly renkos are now on buy from Friday. $NDX a good day, up 54 points. Set and use your stops. Trade the market and make money.

Stay right here with RoughDollar.

'Don't judge each day by the harvest you reap, but by the seeds you plant.' Robert Louis Stevenson
Proverbs 3:13 Blessed is the man who finds wisdom, the man who gains understanding.

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A! ! ! ! ! ! $ $ $ $ $INDU

A1 ! ! ! ! ! ! $ $ $ $ $SPX - 2 hour Area, 1024

The next phi mate turn date is October 27th, and is a major turn date. The next Bradley model turn date
is October 16th. The next Bradley model turn date after the 16th is November 20th
and that also is a major turn date.

A1 ! ! ! ! ! ! $ $ $ $ MIDU - TMS Weekly Area, 900

A1 ! ! ! ! ! ! $ $ $ $ MIDU - Weekly Renko, 1024

A1 ! ! ! ! ! ! $ $ $ $ SOXL - Swing Chart 10 minute 5day Candlesticks

A1 ! ! ! ! ! ! $ $ $ $ SOXL - TMS Weekly Area, 900

A1 ! ! ! ! ! ! $ $ $ $ SOXL Weekly Renko, 1024

A1 ! ! ! ! ! ! $ $ $ $ TNA - Swing Trade10 Minute 5 day Candlesticks

A1 ! ! ! ! ! ! $ $ $ $ TNA - TMS Weekly Area, 900

A1 ! ! ! ! ! ! $ $ $ $ TNA - Weekly Renko 3 mo, 1024

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