Technical Analysis Page

[onlooker]

Depleted quote:

with regards to the OIL SPILL IN THE GULF . . . . . . . .we will one day kill the planet for good, for profit, just give us some more time...

US government says the Gulf of Mexico oil crisis is ending.
See: 

BP oil crisis close to end: Obama
'Vast majority' of the spilled oil has been dispersed or removed
Last Updated: Wednesday, August 4, 2010 | 11:07 PM ET

http://www.cbc.ca/world/story/2010/08/04/bp-gulf-oil-static-kill.html

But, Dr. Gianluigi Zangari, an Italian theoretical physicist says the Gulf of Mexico oil crisis could be far from ending.
See: 

BP Oil Spill Stalls Gulf Loop Current
Global Consequences if Current Fails to Reorganize
05-August-2010

http://yowusa.com/earth/2010/earth-0810-01a/1.shtml

Is Dr. Zangari a scare monger?  Time will tell if he is.

[Depleted]

Onlooker...I think we are killing the planet, the only question is, are we smart enough to realize, and actually change, so we can save ourselves, otherwise, Its a bugs life, since only insects would survive.
The thing that disgusts me is, for Oiul Cleanup, a simple solution...see the video link...

http://www.youtube.com/watch?v=ZUwXfKygwtI

like the cat tail could work, if given the chance, but there are too many politics, and not enough money to be made out of it, but it may actually be one of the best solutions going. Sure is interesting how nature has its own way of cleaning things up, after man makes a mess of it all....
 Cheers...D

[sidewinder]

major Whackage on the Euro.   FWIW The red line across the top is a regression line from 2008 top.

[pinetree]

Bonds coming into upside resistance today.  Looking at the weekly charts of /ZN and /ZB (or ETF's like IEF,etc) there was a sharp decline from this general area beginning back in March/Apr 2009.

I find the best price levels to look at are ones from which a sharp move originated, that means there was an excess of supply or demand there.

Bonds "typically" move to the inverse of the market as they compete for investor capital.  Note the double bottoms formed from the Jan and Apr 2010 lows marking the start of a sharp bonds rally, and market decline.  I think this resistance area needs to hold for this market rally to take off.  If bonds continue to rally through resistance then the next resistance would have to be the big panic top of 2008 which isn't that far off and I think things would have to get pretty scary for that to get taken out.

[Peter518]

Hi, sidewinder, 

Do you happen to know how to display a plot of $UVOL/$DVOL on TOS?

It seems that TOS supports addition, subtraction, but multiplication, and division of two symbols, although 0.001*$UVOl is working.


Thanks in advance.

Peter

[sidewinder]

It would be better if I knew how you want it to display.   Line, Histogram, Upper, Lower?
You need to write code for a study in this case.   you can't do it by simply putting it into the symbol window like you would if you build you own index.  You can add symbols or subtract one from the other to produce a chart but for what I think you want you will have to build a new study and either display it on the upper subgraph or lower as an independent study. The one below works best on the bottom.   

The code below will give you a histogram of uvol divided by dvol displayed as green histogram and dvol divided by uvol as red bars. It will also give you the value in a bubble on the right of the graph.   This only displays during the cash market as it takes the data from the NYSE.  Try that and see if it gives you what you want.  If not be more specific as to the results you want as a display and I will see what I can do. 

***********************************************************************
declare lower;
plot data = close("$uvol")/close("$dvol");
plot data2 = close("$dvol")/close("$uvol");
plot ZeroLine = 1;
plot Diff = data;
plot Diff2 = data2;

diff.AssignValueColor(if Diff >= 1 then Color.GREEN else Color.downtick);
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
diff2.AssignValueColor(if Diff2 >= 1 then Color.downtick else Color.GREEN);
Diff2.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
ZeroLine.SetDefaultColor(color.WHITE);
data.SetDefaultColor(color.GREEN);
data2.SetDefaultColor(color.RED); 

[sidewinder]

Here's what the vold histogram will look like.  It's the bottom one.  I use this as one of my grids on the flex-gird. 
As you can see today's action was full of up volume and begin to fall on it's ass around 3PM but total up volume still remained positive.   



Another one ... ES hourly ... you can clearly see the action days from last tuesday.....

[Peter518]

Many thanks to sidewinder,  your codes work perfectly!.

Actually I simply want to know the ratio of $UVOL to $DVOL during the normal market hours,
 so that I can judge the market internal/sentiment.

I have made some minor modifications to your codes to fit my need.  Please
give me your advice at your convenience.

Thanks again.

Peter

[sidewinder]

I see nothing wrong with that, as long a YOU know where the data comes from, what it represents and how you have elected to display it.  Lots of ways to look at things.   

Nice smack down just after the bell.    Thump!

[sidewinder]

Great video this one. 

http://etereaestudios.com/docs_html/nbyn_htm/movie_index.htm

The numbers and cycles must be key in all life as well as human action. 

[MetalMeister]

Ready for a little free fall?

http://www.youtube.com/watch?feature=player_embedded&v=JPpTq7Hx9C0#!

[pinetree]

The bounce off the monthly 20sma we talked about last summer has happened, and now we're approaching the 50.  The Dow is already there.

Given how perfectly these moving avgs have been "working" over the past few years I figured there was a decent chance they would continue to do so.  This is looking more and more like the reverse pattern of what happened in 08 on the way down.  Just have to take out that monthly 50 before anyone can get excited though...

[sidewinder]

MAP pattern..................  I think it's going up until Nov 4-8th.Scumbags will do anything to get re-elected.  Then they see where they stand.  If the Dems lose the house and/or senate, as lame ducks the outgoing will vote THEIR pocket book not America's.  

Watching all the dirty politics gets more and more interesting and the politics get more and more dirty.  What I don't get is EVERY one of them participate in a game of who can get sleezier.  the choices for the most part is sleezebag number one or sleezebag number two.  If this current crop is the best we can do why bother.  Then this all leads to QEII, QEIII and IV and V and there is no end in site.  

You got scumbag claiming to serve in Vietnam who never set foot in the country and when called on it He goes into some song and dance about how he made a little mistake in judgement but that should not distract from his record.   BULLSHIT!  A liar is a liar.  Lie to present yourself as something when you are not the pimple on the back of the ass of the real deal won't get votes from ANYONE with an ounce of character or principle.  

OK rant over.  market goes up till after the elections as the core of the cancer in this country has the "fix' in with the FED.  I hope I live long enough to see the inevitability of all this because it is going to be a dozy............................

[pinetree]

SW....

If you have some time would you mind giving me some feedback on this?  I'm trying to make a H+L+C/3 SMA of VOLD which should be a piece of cake.  I've made a regular sma based on closing values which in reality is good enough for my purposes, but it's bugging me that I can't get the hlc3 to work.  I've tried every way around it that I can think of but it always gives me error messages...

Not a big deal, but if you have any advice I'd be interested.  Here's what I have...

declare lower;

input uvol = "$uvol";
input dvol = "$dvol";

plot Zeroline = 0;

def vold = close(uvol) - close(dvol);

plot avg = average(vold,20);

[sidewinder]

Not sure what you are trying to display. But did you try this


declare lower;

input uvol = "$uvol";
input dvol = "$dvol";

 

plot Zeroline = 0;

def vold = hlc3(uvol) -hlc3(dvol);

plot avg = average(vold,20);