The Novice Bear

Things are moving along for my site. Sharing code blocks in Blocks 3.0 is not possible at the moment and that would have to be the biggest impediment to my site right now. I could translate things to the RealCode language but this would make the calculations prohibitively slow (RealCode doesn’t seem to handle loops very well). Instead of just setting something up so interested people can download my work, I’m going to have to write up a manual on creating the code blocks and layouts so people can download it. Inside the manual you will have everything you need to get TD Sequential and many of the other indicators working for you. I am also putting together some tutorial videos.  The extra work will be more that worth the time as many of these indicators are only available to Bloomberg terminal users and that costs over $2,000 a month.

I also am having to learn all of the ins and outs of Joomla, the content management system that I’m using to run marketturbulence.com. The e-commerce has been the steepest learning curve.

There are a lot of people out there trying to pick the top of oil so I might as well jump into the fray. The two crude oil charts that are shown above are the TD Combo sell signals for the daily and weekly timescales. The daily and weekly have broken the stop loss levels, which shows that crude can still go higher, but I wouldn’t be surprised if this was just a false breakout (nice hedge, eh?).

I tend to prefer TD Sequential for finding buy points, but I think that TD Combo does a better job of picking tops. Go over to MarketTurbulence.com to see some of the recent TD Combo sell signals that nailed the tops of some equities.