Saturday, August 8, 2009

OK, this is bad...

In thinking about my previous post (while watching TV), I wondered what secrets the TICK would tell...

Here is a daily/8 month chart of $tick.

Notice that $tick is registering an 8 month low. That's a bad thing for those of us with long positions.

Make that a two week vacation!

I'll be selling my longs and watching for an entry into my favorite shorts next week.

1 comment:

  1. congamike,
    I'm very forgetful when it comes to Tick & Trin.
    Correct me if I'm wrong:
    Tick is the calculation of stocks rising in price against stocks falling in price. Normal levels can read in the range of +/-500.