Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

erierambler

Price Action Clues

Recommended Posts

I'd like to start this off with some charts for the Transports and Dow Industrials. It will be about 3 weeks from now that I can really focus more here on this thread, right now only on weekends. These charts are not the normal Indexes , but that of my own. Notice when the charts are in sync and when they diverge. Such as the Indu makes a new high in Oct/07 and the Tran does not. Then there is a test and failure.( noticeable in Dec/07 ) Now we are insync again and the Tran are reaching old highs. New highs in the index are confirming. I mainly trade the ES, so this thread will become about that but one needs to look at the trees in the forest.

erie

 

attachment.php?attachmentid=6219&stc=1&d=1209251589

 

attachment.php?attachmentid=6220&stc=1&d=1209251589

Tran.gif.7ad33ba2b57a14a3210f5299f66aac02.gif

Indu.gif.c6a6459779534c1c8663c7fbe03d5f1f.gif

Share this post


Link to post
Share on other sites

same charts as before only updated. Two charts have broke above potential resistance and others have not. ( creating divergence ). New highs are confirming price but sectors chart not breaking out yet. 10 day Mamis oscillator shows divergence big time so therefore very wary here.

erie

attachment.php?attachmentid=6272&stc=1&d=1209825469

 

attachment.php?attachmentid=6273&stc=1&d=1209825469

Indu.gif.e072e372921716cabc5f2ad2a63c9578.gif

Tran.gif.4970ba8156bb4a1101176b1cc8f5497d.gif

Share this post


Link to post
Share on other sites

It might pay to break down the transports the way we break down the industrials. I wonder, for example, if containers and packaging can act as a warning regarding the strength of the transports per se:

 

attachment.php?attachmentid=6284&stc=1&d=1209931312

Image8.gif.650d504a275fe2117b6240a0df102cf3.gif

Share this post


Link to post
Share on other sites
It might pay to break down the transports the way we break down the industrials. I wonder, for example, if containers and packaging can act as a warning regarding the strength of the transports per se:

 

You've been doing this a lot longer than me. By the looks of the chart they are already diverged, correct? I have the Industrials not making the new high ( creating divergence ) this time , so wouldn't they be showing the warning?

Note: I have for the Transports on my chart: UPS, UNP, FDX, BNI, NSC, CSX, LUV, EXPD, CHRW, AMR, and JBHT. For the Industrial: XOM, GE MSFT, T, WMT, PG, CVX, JNJ, IBM, BAC. These are equal weighted composites.

Of course you are looking at bigcharts .

erie

Share this post


Link to post
Share on other sites

As long as the Inds and Trans are going in the same direction, they needn't be making new highs together.

 

As for breaking down the transports, I'm not referring to stocks but to groups within transports, e.g., Industrial Engineering, which makes the trucks and railcars and engines; Containers and Packaging, which is self-explanatory; Delivery Services; etc. And it's useful to look at Industrial Transportation, which is nearer to the original constitution of transports. It's the same thing as the transportation average only without airlines.

 

One can also look at trucking alone or marine transportation alone and so on to determine just where the strength lies: in this case, rails and trucking. Which is why I mentioned containers and packaging. If trucks and rails are strong, why aren't containers and packaging equally strong? And does it matter?

Share this post


Link to post
Share on other sites
As long as the Inds and Trans are going in the same direction, they needn't be making new highs together.

 

One can also look at trucking alone or marine transportation alone and so on to determine just where the strength lies: in this case, rails and trucking. Which is why I mentioned containers and packaging. If trucks and rails are strong, why aren't containers and packaging equally strong? And does it matter?

 

Those 2 questions I can't answer, LOL. The chart I posted of the transports shows price going almost straight up. That can't continue, unsustainable....price has to consolidate or retrace, unless the buying presssure comes from the industrials.

erie

Share this post


Link to post
Share on other sites
It would only be a guess for me, but the cost of diesel has not come down like the price of oil and gas. :)

 

We discussed this before, months ago (previous page), but those who are new to the thread and interested in using the trannies to predict moves in the indies may want to break them down into trucking, rails, marine, air, and so on, since the transportation average tends to be skewed by the airlines.

 

Back when the Dow people were saying that strength in the transports was indicating the end of the bear market (this was when the trannies were like 2000pts higher), I followed Containers, which were not doing very well. A month later, everything fell apart. Now they're showing more or less the same strength as the rest of the market which, unfortunately, isn't saying much.

Share this post


Link to post
Share on other sites
need a move above 1090 to confirm

...

erie

 

if you would just add volume to the chart,

you could confirm a lot sooner.

 

 

don't mean to dis your effort to be a PA purist,

but money don't know and don't care if you are unpure.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.