Goldtent TA Paradise

DWTI 5 Triangle Apex Coming to End…

Note BB Constriction. Expecting move soon… http://stockcharts.com/h-sc/ui?s=DWTI&p=5&yr=0&mn=0&dy=2&id=p74886506147&listNum=1&a=408340409

1. Tim says:

   September 8, 2015 - 8:47 pm at 8:47 pm

   On the WTIC chart the triangle’s a little sharper and it’s coming to a head right now (8pm EDT).

   I don’t know what to think about crude now. I’ve heard calls for $54 as a completion of the right shoulder, but the resulting price objective sounds incredibly low.

   I’ve been focusing on 1-minute charts lately and it’s like an ant’s view of the current markets and is quite refreshing. It’s a great way to study the indicators because there’s 60 bars in every hour. Profits aren’t huge, but so far they’re positive. Each morning I look over a couple of markets, like Oil; Gold Miners; VIX; NG; and pick one that looks like it’s got direction. It’s interesting how much movement in the 3x ETFs is hidden in the daily total gains. Sometimes, as I’m sure you’ve already noticed, an ETF pair can move 10% in both directions and yet at the end of the day the overall movement is just a few percent. Today between 9:40 and 10 DWTI moved 3.1%. I’m going to call it “insect trading”.

2. Tim says:

   September 8, 2015 - 11:13 pm at 11:13 pm

   For WTIC tonight on the 1 minute chart, as price broke up through the triangle, the Stoch 144 was at 30 and then moved up to 50 by the fifth bar of the breakout and then reached 81 by the 11th. It was a 13/34 crossup just before the breakout. Price stopped on the 2nd and 3rd bar of the breakout and yet the stoch 144 kept moving up. It’s incredible how it can work sometimes. Once with UVXY, it dropped below the 34 but the stoch 144 stopped at 80 and then, next bar, stayed at 80 and with the next bar price moved back up over the 34. The stoch 144 gives stock tips! The DMI is handy on the minute charts too, but it seems to be much more complicated. You can have a decreasing -DI as well as a decreasing +DI at the same time.

3. EagleSeagle says:

   September 9, 2015 - 10:20 am at 10:20 am

   “choose your battles wisely grasshopper”…