Monday March 31 2014
Stockcharts has a hole in its duration settings. One can set for daily, and then the next interval is two hours. That is a big improvement over one hour but I suspect in volatile markets a four hour setting would be about right. The longer the time duration the more shorter term fluctuations are eliminated. So a monthly chart gives fewer signals than a weekly, a weekly fewere than a daily. And come to think of it a two week duration would also be handy.
GDX
We set SAR PAR to .08/.2 on this two hour chart. Notice that it got one short March 17 adn then reversed March 28 this past Friday. AS you can see it is testing the break out by falling lower today.
But the two hour signal was valid the last two weeks of trading catching the drop from 28to 23.5.
We will update on this situation.
Comments