The ACD Method

ok, it's early, but C up?

 

C up? In what product?

 

S&P, XLV, XLI, as well as individual names, F, GM? XLB looks like failed A down headed for A up. CSCO maybe?

I'm probably being too predictive, and I know I shouldn't be, but the A downs that I saw don't have a lot of follow through.

 

Mid day 01-12- 2012

 

LOL. Almost everything I have is either at or below the A downs right now. You must be using very tight levels.

At recent count, most of the 28 sectors are either at or below their A downs.

 

With the values I'm using, today is the second attempt at a weekly A up on SPY. Gapped up, came off hard, good A down, retracing into fib area and mid OR. Retesting weekly A Up level.

If anyone thinks this is way off let me know. Pretty much watching just SPY while finishing setting everything up.

 

I'm new to ADC, but I'm using a weekly SPY A up of 129.17 so agree that we are again testing that level at mid-day.

 

Market just refuses to sell off. Money has no where to go except into risk assets.

 

Gold losing its bid.

 

These financials are getting tired. I don't see why this market can't just pull back a little so some of these stocks can re-set. As long as we grind higher it's going to be very messy.