3309 Drysdale Ct
Edwardsville, IL 62025
I added a correlation indicator to this $NYMO chart a few months
ago, and since then this is the first time I have seen it become
this uncorrelated with $SPX. You can see that two of the three
prior occurrences (vertical cyan lines) signaled sustained
selloffs. The third time there was a one-day pullback.
@timebandit - can you please post a link to the chart with
correlation indicator. I only see a screenshot. Thank you
nice chart, can you post your URL so that I an save into my list
of indicators? It's too hard to try and replicate that from my
tablet in a hotel room
Matt - check out the new generation laptop from Dell. Its so
cool. Also surface pro is awesome too if you are on the go
you mean the XPS with infinity display?
Here ya go guys:
Create advanced interactive price charts for $NYMO, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Have rules changed or just been stretched?
Don't understand the question. By the way, that was a nice chart
you posted earlier
I thought you were suggesting that since the third time selloff
was so nominal that the indicator might not be valid this time for
another meaningful sell off
Oh, gotcha. Sorry, I should be clearer. Let me try it
differently. First off, I haven’t been watching this indicator on
this chart for that long, so it’s harder to draw meaning from it. I
can look back on it through the years, but I’ve found that is less
helpful than when I try to draw insights from it on a daily basis
amidst all the uncertainty of the market backdrop.
That said, the three instances all marked by vertical lines on
this chart coincided with market pullbacks. Two of them were
multiday moves down, one was a day or day and a half pullback. As
an indicator, it would therefore appear to have some significance.
But that is only three data points. I thought it was worth
highlighting but I want to spend more time with it, God willing
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