Friday, July 19, 2013

Use The NYSE TICK Index

The intraday version, for Worden, $TICK.

This is very common for an op-ex day, especially the fact there's no extremes above the minimum extreme of +/- 1000 and the triangle, well that looks to be more associated with some of the signals we've been seeing and perhaps what happens around 2:30.
No extremes, very common for an op-ex pin, but this triangle is making me think those short term positive divergences are what I suspect they are, a gift, but a hard one to accept for most people.

Ironically, the thing is, if you have good confirmation the move is not supported or is a head fake, this is actually one of the lowest risk entries you can get.

Watch for a break of the trendlines, we may see more than 1 (Crazy Ivan.

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