Market Speed Chart

  1. 5,769 Posts.
    Enjoy .....

    Havn't posted this for a long time, neverthless, here it is. It compliments ma market price chart. Market speed is the differential of daily change in ma of market price (blue line), and the black line is the 10 day ma of that to smooth it out. For rally, we need forward speed of 60km/h plus, for boom we need 100km/h plus. What is speed? it is ma price differential times 10000 which equates nicely to something we are all familar with, ie driving. ma speed has now stopped slowing down, meaning foot off the accelerator & still forward rather than in reverse in a declining market.

 
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