Jump to content



Photo

Hurts Projections and Terry's T


  • Please log in to reply
5 replies to this topic

#1 Spectacular Bid

Spectacular Bid

    Member

  • Traders-Talk User
  • 838 posts

Posted 27 December 2021 - 02:21 PM

On the Hurst front last week a 2.5 week projection to 4790 was given and we are close. There was also a 10 week projection to the 4850 area. No higher projections are possible for now, but certainly doesn't preclude higher prices.

 

For Terry T fans there is a very distinct T on both the NYSE McClellan oscillator and the volume oscillator. The NYSE McClellan oscillator has a top on October 14th and a 33 day decline to December 1st with a 33 day rally extending to January 19th, while the NYSE volume oscillator has a October 20th top and a 29 day decline to December 1st which predicts a high on January 12th. It could be a wild few weeks. Hard to believe we don't clear 5000 by then.



#2 Spectacular Bid

Spectacular Bid

    Member

  • Traders-Talk User
  • 838 posts

Posted 27 December 2021 - 02:22 PM

Sorry Hurst



#3 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 25,703 posts

Posted 27 December 2021 - 04:19 PM

Thanks for the head's Up!

Here's mine based on the MACD of $NYUD.

(As usual, the Daily NYUD extremes are usually corrected after the close.)

 

T.jpg


Edited by Rogerdodger, 27 December 2021 - 04:23 PM.


#4 Spectacular Bid

Spectacular Bid

    Member

  • Traders-Talk User
  • 838 posts

Posted 27 December 2021 - 07:47 PM

Thanks Roger   Haven't really used the MACD of the NYUD so appreciate the comparison.



#5 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 25,703 posts

Posted 27 December 2021 - 07:49 PM

Another one that I stole years ago! smile.png



#6 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 25,703 posts

Posted 02 January 2022 - 03:04 PM

This seems to fit the mid-January T for the 2nd year seasonal Presidential data:

 

Mike Burk:

Conclusion

The seasonal rally has another week to go."

 

I have often seen the early pullback only to trigger a bear scorch top near the T end.

Isn't Jan 12th also Weird Wally Wednesday?
 

(the Wednesday before the week of Options Expiration Friday (third Fri of each month) is typically very volatile)

The week of Options Expiration Friday typically has a bullish bias (subject to market whims) -- if it is not bullish for the weekdays leading up to Options Expiration Friday, that suggests a weak, bearish market.

 

January-2nd-year.jpg


Edited by Rogerdodger, 02 January 2022 - 03:13 PM.