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#1 da_cheif

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Posted 08 October 2020 - 09:56 AM

up 100 handles es from the low on www.......turn around tues combined with www   ....   provides alotta wind.....todays action sees the ramp in dow component ibm offset by the decline in down component amgn......sp cash up the equivalent of 200 dow pts

 

23 of the 30 dow components are up


Edited by da_cheif, 08 October 2020 - 10:01 AM.


#2 12SPX

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Posted 08 October 2020 - 10:14 AM

Congratulations on the www indicator it seems to be very popular.  Was reading another guys approach to it and was curious to know if he's reading it right or not.  He made the claim that if www has a strong up day that by expiration the index will be lower than the Wednesday close. Or the opposite if its down it will be an up expiration.   Is it a contrary indicator or is there more to look at.  I've gone through hundreds of expirations for my work but I go by the close 5 days before.



#3 da_cheif

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Posted 08 October 2020 - 10:25 AM

Congratulations on the www indicator it seems to be very popular.  Was reading another guys approach to it and was curious to know if he's reading it right or not.  He made the claim that if www has a strong up day that by expiration the index will be lower than the Wednesday close. Or the opposite if its down it will be an up expiration.   Is it a contrary indicator or is there more to look at.  I've gone through hundreds of expirations for my work but I go by the close 5 days before.

the action off of www......is dictated by rsi positions  ... 12 hr,, 5 and 12 day,,and 5 and 12 week rsi"s and clx analysis   if it wasnt for tues news related C wave decline    www mite have been a short term high........bradley appears to be positive tilll december.......and of course sentiment as measured by AAII ......naaim......II.....and the monthly ewave structure supports being long for position traders....only the dows 12hr rsi is important to day traders 

 

btw  i discovered the importance of www in the 90s


Edited by da_cheif, 08 October 2020 - 10:33 AM.


#4 12SPX

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Posted 08 October 2020 - 10:47 AM

I'm confused though, so no real indicator for expiration the following week?



#5 da_cheif

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Posted 08 October 2020 - 10:53 AM

I'm confused though, so no real indicator for expiration the following week?

a high on or about www suggests a decline into opex is underway ....and of course a decline into www suggests a rally into opex will be conducted......



#6 12SPX

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Posted 08 October 2020 - 11:38 AM

Hmmmm I guess its a tough time frame going in this time but I think it would mean down into expiration.  Be interesting to see how it compares to my Friday reading, maybe have to start tracking it.



#7 redfoliage2

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Posted 08 October 2020 - 11:46 AM

The rally is the Mr. Market's reaction to the fact that there have been too many bears expecting a crash in October.  Have they covered yet or they are going for more shorting?  Institutional investors are likely positioning for after-election .................


Edited by redfoliage2, 08 October 2020 - 11:55 AM.


#8 da_cheif

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Posted 08 October 2020 - 11:58 AM

Hmmmm I guess its a tough time frame going in this time but I think it would mean down into expiration.  Be interesting to see how it compares to my Friday reading, maybe have to start tracking it.

"I think it would mean down into expiration<     why would u think that???    "maybe have to start tracking it:"     why.....ever ride in a scenicruiser?

 



#9 redfoliage2

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Posted 08 October 2020 - 11:58 AM

The rally is the Mr. Market's reaction to the fact that there have been too many bears expecting a crash in October.  Have they covered yet or they are going for more shorting?  Institutional investors are likely positioning for after-election .................

I meant after-election up-run on abundant liquidity when Dems win......................


Edited by redfoliage2, 08 October 2020 - 12:03 PM.


#10 traderx

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Posted 08 October 2020 - 12:38 PM

and stimulus