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The MIT Experiment - Day 1


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Welcome, students of the Stool division of Faber College. Those of you interested in a quiet atmosphere in which to pursue your studies may do so here at the Stool extension of the MIT library. Please limit posts in this thread to charts and technical analysis issues. No chit chat. We will open 1 thread for this purpose each day. Moderators will have the power to delete or move off topic posts.

 

Violators of the library quiet rules will be persecuted by the moderators.

 

Those who wish to can continue to posts charts and TA, along with all other manner of flora and fauna in the Faber College division if Intraday Stool. What is fauna, anyway?

 

Let's give this a try and see how it goes.

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QQQ 5 minute

 

Reached top of fiiltered wave.....place to take 5 minute chart trading profits or tighten stops. Also, plotted intermediate cycle top (second chart panel heatbeat looking thing). Also overbought (green histogram in second panel). Now, looking for sideways action for consolidation before next move.

post-3-1045581342.gif

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QQQ, 1 minute

 

Filtered wave is now down...too early to go short....as 5 minute wave is still up.

 

Looking at this dip as a donging opportunity. Stop is wave bottom or pivot low of 24.86.

 

If accumulation goes and stays negative, would exit dong.

 

For the record..

 

1. small blue dots are mechanicla buy points.

2. small red dots are mechanical sell points.

3. large and smallmagenta dots are major (large) and minor (small) turn points (highs)

4. large and small yellow dots are major (large) and minor (small) turn points (lows)

5. Green or red series of horizontal dots in second panel represent suspected timing bands for market tops (green) or market bottoms (red)

6. Heatbeat looking thing in second panel shows intermediate and major cycle bottoms (not cmaps, not ewaves, a propietary indicator). Major cycles will have a small red vertical line present.

 

Keep these notes as they wont be repeated.

post-3-1045581925.gif

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I have 17,18 and 19 as Fib Time turns. Being the 17th is a holiday I'll extend these out to the 20th or so.

I am actually encouraged by the end of week reversal. That's because I've been watching major Fib dates in mid Feb and wondering what they would signify. Moving up into them gives me the feeling that we will reverse back down later this week after a short, sharp, brutish rally. Also this is OE week and it would serve the criminals well to take this up beginning of week to blow out puts and then back down to blow out calls.

 

Check out the convergence of lines in the oval. These occur early this week.

Gann Fans with Fib Retracements.

 

post-1-1045418336.png

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