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The MIT TA Symposium March 11, 2003


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Good Morning and Good Stool to all.

 

This thread is your short term and intraday TA refuge. No chit chat. That goes on the adjacent IDS thread. Longer term TA posts shou;d go on LOB or Dr. Bontchev's TA forum!

 

Traders, take it away!

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It looks like we are in for a one day sideways to up move - the down projection is borderline uncharacteristic (but not impossible)

 

 

projecting

+.15pts per hour for 10 hours in yellow

+0 in white

-.15 in yellow

on HOURLY SPY data:

 

my ST chart

image0071109.gif

 

 

and my IT Attractor

image0081109.gif

 

For those unfamiliar with my charts, an explanation can be found here. It focuses on daily data but is applicable to hourly by substituting hours for days in the trends, moving averages, lookback periods, slopes, etc

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Good Morning Traders,

 

NQ bbz 965.805~966.129

ES bbz 808.554~809.235

 

NQ desc trendline 973 last = 987

ES desc trendline 817.50 last = 828.75

 

NatuRal Squares:

7569 7744 7921

1225 1296 1369

784 841 900 961

225 256 289 324 361 400

 

10am wholesale inventories (Jan)

 

success!

gruff

post-3-1047394144.jpg

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SPX - 5m

 

The three arrows indicate the "Three drives to a low" pattern. The divergences on the indicator confirmed that at the third arrow the impulsive move to the downside ended and since then we are correcting the downswing that started Friday. After that correction is over, the market will show us the next move

 

spx_5.gif

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