Wow did that pop! It's holding near the top too. I've seen these rocket up then right back down but this is consolidating at the top. Notice the price getting higher and the macd getting lower, that's a weak high I believe. But it's holding pretty well. What's that 60 min chart with one ma? Is that just a 10 sma?
Cmon, George Bush walking the floor for a half hour, and snubbing poor Bob Pisani, then no change on the rate. Do you even need a chart for this?
60 minute chart, 5 period simple moving average offset -2. The ten minute chart would have worked just as well with a tighter stop. Love FOMC days!!
It was nice wasen't it!!! Don't ya just luv that George guy... So I guess the "BEER" is on me once again... I'll meet you in the bar. I'll be the one with a Captain Morgan Rum... Thanks Trader28 for all your help!!! snarlyjack
Hi guys, we were ridiculing some traders for basing a system on using T28 signals as enties or exits from key areas of 60 min charts. Here's a chart that's pretty interesting. It shows where todays low was made which conicides with a previous triangle breakout. I It also shows the resistance which stopped the big rally today. Definitely key areas to watch.
High Charley, the lavender or cyan line is 9sma +2. Ensign has and offset and a shift setting. This is the shift setting. Hey how's everybody doing today? T28 are ya up down there? Please sent the sun back north here soon we have minus 20 windchills here in Minnesota.