Calling a Top (at least in the near term)
I turned bearish last weekend for the first time in a long time and got many emails from traders wanting to know what I was looking at. Here’s a video covering some of my indicators.
I turned bearish last weekend for the first time in a long time and got many emails from traders wanting to know what I was looking at. Here’s a video covering some of my indicators.
Nice work Jase!
I’ve been watching the negative divergence build on S&P price action vs. MACD/RSI…broke hard last week..
JR
Hi Jason, This is excellent info…Thanks for sharing it…Jim
I would like to follow your options trading.
Fred…you can sign up here.
http://nakedoptionstrader.us1.list-manage.com/subscribe?u=7439b9e81ae551db1e9f1f394&id=1b54f53997
Jason
Hello i was wondering what program you use in the video “Put/Call Open Interest” for the charts showing the put/calls.. Thank you for the great videos.
-Adam
Adam…
Here ya go…
http://www.schaeffersresearch.com/streetools/indicators/open_interest_configuration.aspx?ticker=
Jason
As always, excellent work !
Jason..nice thoughts but on the rui:rut comparison, the same thing almost happened in July then we got a shrp leg higher. I know this time it pans out but do u read anything from your indicators hinting at the duration of this move ????
Hi Konrad…no my indicators don’t tell me how long a move will last. We gotta go with the flow and play good defense. Maybe a move down lasts a week, maybe a month, maybe 6 months. It’s not clear right now.
Jason
Excellent! Jason, you should consider putting together a “handbook” of signals like those posted here so that members can do some of this stuff on their own. You could group them by signal type: Tops, Bottoms etc.
Good idea Chris. Thanks.
Jason,
Excellent stuff.
On the $NAA50R chart, looks like a downward break out of a triangle formed using the highs of May and Sept ‘09 and the lows from Oct ‘08, March ‘09, July ‘09, and Sept ‘09.
Dave