Thursday, February 12, 2009

Dow In Daily Squeeze

The 2 day squeeze in the Dow fired off short on Feb 2. The Dow has now setup in a squeeze on the daily time frame. The last 3 daily squeezes fired off short and lasted 35 days, 29 days and 17 days respectively. If it does fire off short, the signal doesn't have to last as long as previously, but those instances give us some idea of what to expect if and when it does.

2 comments:

dave said...

"fired off short" ? I don't see what you're referring to at all.

The only thing that i see that happened on Feb 2 was a false breakout to the downside.

Regards,
dave

dave said...

Craig,

You used this phrase "fired off short" several times in this post. I'm not familiar with it. Can you elucidate ?

Regards,
dave