39 replies to this topic

[donmat]

I've read the books by Dalton and searches on the web. I recently been manually making my own on a spreadsheet off 30 min. charts just to get a feel for it. I think you've gotta pay to get the real thing.

[MoneyFriend]

This is what I'm touching on here Russ, All the dow needs to Dow is hold up this month and it is a raging buy signal imo, as it's monthly mean would have made a higher high.

MoneyFriend,

I like that chart alot, if you can, how is it set up ?

Thanks for posting anyway.

Hi CLK, it's set up like so:
Calculate the hlc3 for every day: (high+low+close)/3
For each month get the average for all of it's days
Plot the monthly data and instant presto you now see where the monthly mean is for each month.
It's super obvious to me that a higher monthly mean high on this chart after a > 40% decline is bullish, and suggests we probably have many green months ahead, all the Dow would have to do is hold up at or above these levels the next 3 weeks and it's a "buy buy buy" imo. The fact that most the other indexes already gave this signal with their mean last month is so bullish to me, I can't even begin to tell you!

Edited by MoneyFriend, 07 June 2009 - 01:59 PM.

[MoneyFriend]

I've read the books by Dalton and searches on the web. I recently been manually making my own on a spreadsheet off 30 min. charts just to get a feel for it. I think you've gotta pay to get the real thing.

See Markets in Profile pg. 59 "Long Term Auctions". Or see Mind Over Markets around the 200's. There are plenty of long term profiles examples in those, so I don't know what would make you think it's only for day to dya use if you have read those 2. If you find the CBOT handbook, flip all the way to the back and read the long term example they give with T-bonds.

You have to pay for the real thing as somehow CBOT or someone patented it or something or other....
You can get nearly the same thing on QuoteTracker software for close to free if you have the right data feed.
I think ninja trader has a somewhat affordable plug-in too. CQG is my favorite but I just use my own code these days.

[MoneyFriend]

Found the free CBOT handbook.

[spielchekr]

MF:

Actually, I can adjust v-by-p bar detail to any degree I want from Stockcharts by turning to their p&f charts. For some stupid reason, SC gives no explicit control of beginning dates. But I can trick the system into yielding some degree of control by changing the boxes from traditional to percentages and tweaking the % number. I can also change the reversal size for more control, but that is my second choice. In this case, I'm looking at 60-minute DIA charts.

With p&f charts, one of course compresses time out of the equation and looks strictly at price movements. Between 2 years and 3-1/2 years ago there was little price displacement of consequence to justify abandonment of those positions. I'm just not seeing the attribute that has you assigning the attrition cut-off point as two years ago. Was it investor boredom?


2 years approx.:



3 years and 3 months approx:

Edited by spielchekr, 07 June 2009 - 08:26 PM.

[MoneyFriend]

I'm just not seeing the attribute that has you assigning the attrition cut-off point as two years ago. Was it investor boredom?

Nice, I had forgotten all about the vbp on the p&f charts. That's a much clearer view there.
2-3 years on a long term profile because yes I think the majority of market volume does not hold beyond that length, and I'm concerned with the majority.

P.S. why dia instead of $indu?

Edited by MoneyFriend, 07 June 2009 - 08:42 PM.

[spielchekr]

I'm just not seeing the attribute that has you assigning the attrition cut-off point as two years ago. Was it investor boredom?

Nice, I had forgotten all about the vbp on the p&f charts. That's a much clearer view there.
2-3 years on a long term profile because yes I think the majority of market volume does not hold beyond that length, and I'm concerned with the majority.

P.S. why dia instead of $indu?

DIA because Stockcharts doesn't supply intraday volume data for any major index.

Thanks again for your responses. I've picked up on some new thought-provoking info this weekend for sure.

[MoneyFriend]

DIA because Stockcharts doesn't supply intraday volume data for any major index.

Thanks again for your responses. I've picked up on some new thought-provoking info this weekend for sure.

Any time Max , fwiw I think the p&f on stockcharts.com only uses eod volume.

[spielchekr]

fwiw I think the p&f on stockcharts.com only uses eod volume.

Well, once again I hesitate to agree. At least, I have no other explanation for the volume readings on these these 1 minute charts other than intraday volume is being tracked. The first one shows volume beginning from part-way through 6/5/09 (Friday). The other two show successively shorter time frames, with both only including portions of 6/9/09 (Monday, today). Best to you.

[MoneyFriend]

Well, once again I hesitate to agree. At least, I have no other explanation for the volume readings on these these 1 minute charts other than intraday volume is being tracked. The first one shows volume beginning from part-way through 6/5/09 (Friday). The other two show successively shorter time frames, with both only including portions of 6/9/09 (Monday, today). Best to you.

Very cool that they do indeed provide intraday volume for the p&f, but I still see that you can plot $indu on the long term p&f's and receive volume, I think the trade off is worth it in this case over using dia.

Edited by MoneyFriend, 08 June 2009 - 06:40 PM.