Saturday, September 5, 2009
TBT Lays Down an Up Brick on 3LB & One Parabolic SAR Dot
Silver & gold are rising. Does this mean inflation? TBT, the 20 year bond ultrashort is also starting to rise. There is no trend set, but an up brick was laid down on Three Line Break & one Parabolic SAR dot was laid down. SAR is also referred to as the stop-and-reversal indicator (SAR stands for "stop and reversal"). Parabolic SAR is more popular for setting stops than for establishing direction or trend. It was developed by Welles Wilder, the creator of RSI and DMI. The bottom chart suggests a correlation between AGQ, UGL & TBT.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment