studying stock market trends
Bearish signals flashing on 13 January 2014
The discretionary/staples spread, synthetic volatility, and RSI studies produced bearish signals on the daily charts on Monday, 13 January. The volatility spread, that originally turned bearish on 31 December, remains bullish since 9 January. I have been using the high of 31 December at 115.71 as my excuse for staying bearish through recent swings.
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Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.