| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 12/3/2004
Posts: 7
|
Has anyone cruised through the ETF charts lately? Although the market as a whole appears to be headed back up, I have been jittery about it still. But the ETFs look weak across the board if you look at a 3day TSV or a 1day MS. What does everyone else see?
Thanks.
|
|
Registered User
Joined: 12/3/2004
Posts: 7
|
Correction. I meant a 2day MS.
|
|
Registered User
Joined: 4/18/2005
Posts: 4,090
|
True there are some negative ones.. but I dont' see allot of weakness in general... possibly a retracement but most of them look healthy.
Looking at TSV at face value TSV above "0" is generally asociated with rising prices Eliminating those at 100% and those under 50 pecent the bulk look ok, There are some negative divergences but still above zero, some of those below Zero are working their way back up or are in positive divergences.
At any given time there will be some moving up and some moving down as they are tied to sectors that will cycle dependent on each other. I dunno. I'm fairly optimistic... the major indexes have been efecitvely sidewasye in a wide range since late november... as much as I hate it the longer this goes on the better chances for a significant up trend later. Hopefull this is it and they will move on from this staging point.
|
|
Registered User
Joined: 12/2/2004
Posts: 1,775
|
rpowell, I like QID, it just tested multi-mo. support this morning and bounced, so I bought a small position and may add if market gets weaker. Chart of QID looks great from standpoint of buying right at support, and taking advantage of weak market or maybe a decent pullback.
|
|
|
Guest-1 |