| JDB1980 - 5/12/2023 10:17
I think the most valuable tool of the charts are the indicators.
Bollinger band - Price likes to live within the bands. If it spikes outside of it, it typically means the the price is too high or too low. When it probes outside, a correction is imminent. Pinching of bands is an indicator of a change
CCI and Slow Stoc - When its above 100 in CCI and 85 in the Slow Stoc, its a good time to sell. Slow metered selling in these times would be recommended. Selling only in these periods would give you a very good average. 9 out of the past 10 years we've had an opportunity to sell at this times. This year we have not, so far....
What intrigues me about chart below is the probe below the BB. its the deepest we've seen outside the band in 10+ years. Are we way too low???
....just wait til you get rid of the crutches of those indicators neighbor.. the blinders will come off!
Take care |
Charts
