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This indicator captures the market quite well....

Started by nicolasillo , Jan 08 2009 04:38 AM

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14 replies to this topic

#1 nicolasillo

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Posted 08 January 2009 - 04:38 AM

Lets see how well it does this time......

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Edited by nicolasillo, 08 January 2009 - 04:41 AM.

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#2 relax

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Posted 08 January 2009 - 04:55 AM

this captures what has been a power move resistance at 500 level and 750

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#3 nicolasillo

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Posted 08 January 2009 - 05:03 AM

could well be, and then I would have to label the moves on the indicator as ABC finishing big A, and now in big B which would take it to hit the red trendilne. For now I go with this count.

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#4 relax

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Posted 08 January 2009 - 05:33 AM

a big tell will be whether we get above 918-920 and then close yesterday's gap so far volume has really not been that big yet no 2 million hourly ES bars yet gap at 869 level is also worth keeping an eye on

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#5 nicolasillo

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Posted 08 January 2009 - 05:39 AM

agreed on whether we can close yesterday's gap.

Edited by nicolasillo, 08 January 2009 - 05:39 AM.

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#6 spielchekr

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Posted 08 January 2009 - 07:57 AM

Nicolasillo:

Are you now taking credit for my indicators? (scroll down to 4th chart).
http://www.traders-t...showtopic=86565

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#7 nicolasillo

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Posted 08 January 2009 - 08:02 AM

Nicolasillo:

Are you now taking credit for my indicators? (scroll down to 4th chart).
http://www.traders-t...showtopic=86565

I don t think so. Btw I have shown this chart/indicator back at the end of 2007 & 2008 (and it went back to 1960s). I can t find the posts but the tt staff can find them and show them to you. I m not copying you!
I think I have the chart at home, i m at work now. I ll post it again for you. Oh, ask wavetimer which graph i m talking about cos he was asking what was it...on here and by pm.

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