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you need the reds to get so far.............I' m working at a theorem ..........necessary and enough condition to be an idiot is that you are a communist
Has Stockcharts eliminated TICK and TICKQ? My charts end Oct 2019.
167 Views · 1 Replies ( Last reply by bigtrader )
I'm calling bounce for Monday. Note the red doji's at low levels, you don't get many signals, but they pay.
207 Views · 6 Replies ( Last reply by 12SPX )
According to my system the days with the highest risk of turn or acceleration of the current trend next week are Monday February 24th and to a lesser degree Wednesday February 26th. The 24th signal is the highest in a while, so anything other than a sharp turn up or a slam down will be considered an abject failure. Since the DJIA fell into the end of last week, the system's turn prediction for Monday would be up and the acceleration would be down hard.
In last week's Tuesday turn risk window the DJIA did turn up mid-morning, but it was a one day wonder reversing and turning back down the very next day in the Wednesday turn risk window. Even though both days caught turns, I think I have to call these whipsaw risk windows duds, for sure the Tuesday one. If the market accelerates down Monday the 24th, the Wednesday the 19th one might squeak by with a useful grade.
The Pound tried to turn down last week only to be forced back up towards that $1.3 resistance line. My system is still forecasting lower Pound prices, but it sure is taking its sweet time getting there.