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TDSEQ Buy Countdown on $INDU, $INX and ES Hourly


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#1 Geomean

Geomean

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Posted 09 May 2012 - 06:46 PM

Not the most desirable print, as stop, recycle line, and position size (if one uses a % loss type positioning) are calculated using range of lowest bar of the countdown string subtracted from that bar's low, notwithstanding that the #13 bars completed above the low. Hourly TD Combo's on 12's, and their 13's would print on a bar with a close below the hourly lowest closing bar on all indices so far. Often we see one or the other complete, and not both. Completion of a TDCombo pattern would fit the fact that $Compx and $RUT have not completed their hourly TDSEQ's and are on 10's. It's certainly possible to have a recycle type test/bounce on $INDU and $INX and yet all TDCombo™ and TDSEQ patterns complete. The daily charts would also fit that outcome. They are on day 5 of TDSEQ buy set ups, none have hit significant fib points, three have sufficient thrust to have already penetrated the prior sell set ups TDST lines and Compx and RUT have started printing some newer downside price projections (RUT 759, Compx 2827) . $INX printed an TD Analog™ low today. That would mean a choppy slow grind down at these levels I didn't/won't be taking this signal because I'm traveling and not trading tomorrow morning. Poor timing! That's what NAV would call not doing the challenging work, the doing! :P GLTA
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