Sunday, January 2, 2011

Tick, and moving averages

Tick is kind of all over the board.  The blue line is a 21 day simple moving average.

The original chart idea was from "Ultra" on Evil Spec.   

Tick has broken down, although the market continues to levitate.  Although I would take this as a bearish sign, and a sign of the manipulation, POMO and what not, of the markets. 

I also generated a bunch of other moving averages, the 21 day does see to speak quite well, that is approximately a complete moon cycle if you believe in such things. 

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Insightful and Useful Comment!