The ACD Method

I rarely pay attention to CNBC anymore, only when Fisher is on do I make sure to tune in. Too bad they cut him off and gave him the least amount of airtime

 

I thought the discussion about BAC was interesting, under $5.00 there are some ownership issues for institutions. It had a sub 5 print after hours before the melt up, was gonna mention it before. I just thought the timing of it all was interesting.

 

zb chart with a massive 60 min candle looking for a retrace.

 

Thanks Mav.

And they say pure technicians cannot make money

 

It wasn't on that video but apparently from earlier in the day Fisher said his big bet in 2012 was going long USD/JPY. He is really trying to pick bottoms between that and Nat Gas.

 

Pretty quiet around ET tonight. Was everyone short?

 

I'm wondering how the majority here are processing the information necessary for ACD.

Are most using an excel spreadsheets and manually entering OR's, A/C values, pivots etc on charts? Is it worth attempting to write up a code for some of the values? Would this risk getting bad data?

For example, it is easy enough to enter H-L-C and the formulas into a spreadsheet for pivot ranges. With a couple dozen markets, not a big deal to update every day. If one were watching a large basket of stocks it would be very time consuming.

Thoughts?

 

Here is an example of a wide pivot range after a large range day. The AUD/USD with a failed A up on the overnight session. The pivot range is all the way at the A levels on both sides.

 

just had a comment to add about ONN and OFF Gartman said the ipo price if you will was 25, therefore OFF is trading at a discount at around 24. Won't matter long term but good to know for trading purposes.

 

Good call Mark. Nat Gas getting a nice pop on the inventory numbers!