Hey David - Great blog, I'm a fan. Question: The XAD chart...what is that? I'm assuming that XJY is vs. the Japanese Yen and XGP is vs the British Pound, but AD i wasn't sure about. Is that the dollar index perhaps?
Anyway, I do like the charts, but I have a question about how to use them. Most charts are posted without commentary. Are you just putting up charts that you see at key (potential) turning points? For instance on BSX from a few days ago, are you basically saying you'd be a buyer if it holds the bottom of that channel and a seller if it breaks down below the lower channel?
Or for instance on this chart of the SPX vs. Gold, it's been in a long-term downtrend but is approaching levels we haven't seen in quite some time, so if it does ____ we'll know to do ____.
I'm still getting a feel for how you look at these various charts/indicators. Anyway, great site, it's on my RSS feed.
Largely, I rely on the viewer to put their own interpretation on the chart, or to realize what the implications of the different annotations are.
This is a free blog and I don't charge for research. I am a lawyer and very busy with other things. To reveal what all of the annotations mean to me, would take too long to do properly. So the annotations are like a shorthand.
If you ever want to know what I think about a particular post in more detail, email me: davidlsinger@gmail.com.
Hey David - Great blog, I'm a fan. Question: The XAD chart...what is that? I'm assuming that XJY is vs. the Japanese Yen and XGP is vs the British Pound, but AD i wasn't sure about. Is that the dollar index perhaps?
ReplyDeleteAnyway, I do like the charts, but I have a question about how to use them. Most charts are posted without commentary. Are you just putting up charts that you see at key (potential) turning points? For instance on BSX from a few days ago, are you basically saying you'd be a buyer if it holds the bottom of that channel and a seller if it breaks down below the lower channel?
Or for instance on this chart of the SPX vs. Gold, it's been in a long-term downtrend but is approaching levels we haven't seen in quite some time, so if it does ____ we'll know to do ____.
I'm still getting a feel for how you look at these various charts/indicators. Anyway, great site, it's on my RSS feed.
@sean
ReplyDeleteXAD is the australian dollar...
Largely, I rely on the viewer to put their own interpretation on the chart, or to realize what the implications of the different annotations are.
This is a free blog and I don't charge for research. I am a lawyer and very busy with other things. To reveal what all of the annotations mean to me, would take too long to do properly. So the annotations are like a shorthand.
If you ever want to know what I think about a particular post in more detail, email me: davidlsinger@gmail.com.
Thanks for your feedback...