Emini Trading Update – Monday 20 Aug 2012 (10:47)
(Sorry this post is out late – my video hosting service has been down.)
Haven’t been posting much to the site because I’m bored. Bored with these slow, low range days. And today we got yet another. Still, plenty of other projects to keep me busy. Plus some code updates are coming out in the next couple of days.
The comments around the 6:15 mark might be of interest if you’re looking for specific setups using the ‘Better’ indicators. Bullish and Bearish divergence signals on Better Momentum on the 1500 tick chart often mark reversal points – you just need to wait for the confirming cycle turn afterwards.
Note: Ignore my comments about the $50 Silver peak. On the chart I was pointing at the August 2011 peak thinking is was the April 2011 peak. Duh.
Link of the day …
I like listening to Charles Biderman from TrimTabs Investment Research. He’s been around the block and his rants about useless Government statistics are always good value. But a lot of the time he talks in generalities – mostly because he sells his more specific research and analysis.
Well, last week we got to see a little behind the curtain. He put up a great chart of income growth versus stock market capitalisation over the last 8 years. Nice leading indicator and showing the slowing growth in income right now. Go check it out.
Good luck with your Emini trading.