If you have ever looked at the 1 minute TICK, it looks like a picture of chaos
as seen below.
But it can be used by investors looking for an entry point, or by Day Traders
by using a simple trick as seen on today's second chart ...
The chart below is the same Tick chart as above, but with a Smoothed Moving
Average of 80.
Notice what happens if you draw a horizontal line at zero and watch the green
Smoothed Moving Average as it rises above or below the line.
When it is above zero and trending higher, the SPY (seen on the bottom of
the chart) has a nice intra-day up rally ... see the white circles.
Now, look at what happens when the green Smoothed Moving Average falls below
the zero line where the orange circles are. The SPY had an intra-day drop worth
paying attention to.
That is our Tip for today, have a great weekend ... If you are not already
one of our paid subscribers, why not given it some consideration?
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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