DrStool Posted February 26, 2003 Report Share Posted February 26, 2003 A grant for permanent funding of the MIT Experiment, All TA all the Time, is in committee. Well done TA researchers! No chit chat here, just short term TA and charts. Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 NDX - 60m Time pivots the second half of the day as shown on the chart. The same pivots apply on the SPX Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 SPX - 15m Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 TRIN - 5m Here is the 5m ARMS index ($TRIN) with 5 and 20 period MAs. When the green line (5p MA) is below the purple line (20p MA) buying power is stronger than selling. The grey line is the 5m TRIN index In general, it doesn't pay to day-trade against this crossover Link to comment Share on other sites More sharing options...
Slothrop Posted February 26, 2003 Report Share Posted February 26, 2003 5 waves down on the XAU now from last month's high. Rally soon. Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 I updated the 15m chart of the SPX. Refresh your browser to see the new chart. The oscillator is in the "sell" area but the price patterns are not clear just yet. The 60m chart seems to be stalling at the 20p EMA giving the signs that it tries to develop a bear flag. The 15m chart is unclear. Low ADX shows a trading range.... Not a good environment for trading right now.... Link to comment Share on other sites More sharing options...
sniff Posted February 26, 2003 Report Share Posted February 26, 2003 This is what I am looking at today, same chart as yesterday, just updated... I overlayed another fib grid on the previous leg. It shows the 832 also as a fib support line. I would interpet that as double fib confirmation. So if price hits 832 it will be interesting to see what happens there. Do to a messy chart, I removed the second fib grid after the look and see. super charts bb, seen the 15 min. .618 retrace hit right on the money Link to comment Share on other sites More sharing options...
sniff Posted February 26, 2003 Report Share Posted February 26, 2003 don't no what happen to that screen shot.... any way if it does not come up timeframe 30 min range:848---816 with 832 interesting, also congestion area from yesterday. Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 SPX - 5m I don't know if that is correct but it has potential Link to comment Share on other sites More sharing options...
Guest RiffRaff Posted February 26, 2003 Report Share Posted February 26, 2003 BB, great to see you around again. How are your time pivots calculated?? Or can you point me in a direction to figure it out on my own, many tanks!! Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 RiffRaff, I pick certain highs and lows on the timeframe that I calculate the pivots and I project using Fib ratios. "Dynamic Trading" by Robert Miners describes the method. I use other methods as well but they are not shown on the chart because the software does not support it. Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 The count I posted earlier seems correct....The drop since the chart posted is impulsive.... For those who followed the thread yesterday...MERQ seems to be coming out of the 60m bear flag... similar pattern on QCOM.. Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 We have a positive crossover on the 5/20 MA on the TRIN (see chart above for explanation) Selling is taking over at current levels Link to comment Share on other sites More sharing options...
Slothrop Posted February 26, 2003 Report Share Posted February 26, 2003 Disagree with the count, BB. the B below 820 is too much of a move beyond the 1. It's possible for B's to exceed the 1, but not like that. I would put the 1 at the B spot. 5 waves up from there is the A and now we're in the B wave. Link to comment Share on other sites More sharing options...
blackbelt Posted February 26, 2003 Report Share Posted February 26, 2003 Slothrop, One of the things in technical analysis that is very important, is to keep an open mind. The fact that a book says something doesn't mean that it's "law". Speculation is about observation and constantly finding "things" that others do not know. That's one of the reasons I don't participate in debates of what is right and what is wrong in TA. I'll take money even if I use the "wrong" count Link to comment Share on other sites More sharing options...
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