Trending Now Installment Number Three: Not all trends are up!
Three months ago, when DB-was $18, I published this:
"Deutsche Bank will most likely continue its decline from its all time high of $125 several years ago. This decline has been slow and painful, but steady.
I feel this stock is heading lower." (end of my quote).
DB-continues its down-trend. Will this drag the European banks down with it? Is there a domino effect for US-Banks if Europe's banks get weaker? The XLF-has not done well at all.
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP.
"Don's Top Ten Technicals": 1. The Ichimoku Cloud is FALLING. 2. Prices are trading BELOW the cloud. 3. Prices are trading BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving SHARPLY LOWER. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud and this is HEADING SHARPLY DOWN. 6. The indicator on the top of the page is RSI / Stochastic , and this is FAILING.. 7. The top-side middle indicator is vortex and this is NEGATIVE (red over green). 8. The Top (bar-type) indicator measures the "phase energy", and this is VERY WEAK. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far lower right on the chart, around $16. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are WIDE OPENED, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKE, FEEDING alligator, and the alligator is feeding into the DOWN-TREND.
Trending Now....Examples of UP charts and DOWN charts:
For my first few "Trending Now" features I wanted to show you one STRONG UP TREND-ADC, and one STRONG DOWN TREND-DB.
I have bought puts on-DB many times (no current position). I plan to go short DB-if the price makes its way back to the falling 89 day moving average.
I would like to close with three quotes from Phyllis Diller:
1. “Cleaning your house while your kids are still growing up is like shoveling the walk before it stops snowing.”
2. “A smile is a curve that sets everything straight.”
3. “Housework can't kill you, but why take a chance?”
I hope this has been entertaining and informative. I hope all of your trades go well. Don.
Three months ago, when DB-was $18, I published this:
"Deutsche Bank will most likely continue its decline from its all time high of $125 several years ago. This decline has been slow and painful, but steady.
I feel this stock is heading lower." (end of my quote).
DB-continues its down-trend. Will this drag the European banks down with it? Is there a domino effect for US-Banks if Europe's banks get weaker? The XLF-has not done well at all.
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP.
"Don's Top Ten Technicals": 1. The Ichimoku Cloud is FALLING. 2. Prices are trading BELOW the cloud. 3. Prices are trading BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving SHARPLY LOWER. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud and this is HEADING SHARPLY DOWN. 6. The indicator on the top of the page is RSI / Stochastic , and this is FAILING.. 7. The top-side middle indicator is vortex and this is NEGATIVE (red over green). 8. The Top (bar-type) indicator measures the "phase energy", and this is VERY WEAK. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far lower right on the chart, around $16. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are WIDE OPENED, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a NOW AWAKE, FEEDING alligator, and the alligator is feeding into the DOWN-TREND.
Trending Now....Examples of UP charts and DOWN charts:
For my first few "Trending Now" features I wanted to show you one STRONG UP TREND-ADC, and one STRONG DOWN TREND-DB.
I have bought puts on-DB many times (no current position). I plan to go short DB-if the price makes its way back to the falling 89 day moving average.
I would like to close with three quotes from Phyllis Diller:
1. “Cleaning your house while your kids are still growing up is like shoveling the walk before it stops snowing.”
2. “A smile is a curve that sets everything straight.”
3. “Housework can't kill you, but why take a chance?”
I hope this has been entertaining and informative. I hope all of your trades go well. Don.
