Guestimate for monday
#1
Posted 05 January 2007 - 04:20 PM
#2
Posted 05 January 2007 - 04:39 PM
36 model also predicts down, but not as far down as this, and is a lesser slide.
No COT report today due to reduced trading, so can't tell where the large traders are. Guess is they're unloading still and will likely finish up in 2 weeks when many will be short. Then comes the scorch up on breadth problems is my guess.
#3
Posted 05 January 2007 - 05:34 PM
#4
Posted 05 January 2007 - 05:47 PM
I think just the opposite.
We may gap down into 1410/1405 area (ESH7) then up for the rest of the day till tuesday
Guessing is free, but useless unless you have a reason why it will unfold that way.
As I explained, the gap up is to close today's gap. And following the breadth, sentiment, and 36, 46 models, I'm still seeing multi week downslide, hence why I predict more down for monday. So I gave at least a madness to my guesses.
#5
Posted 05 January 2007 - 06:21 PM
#6
Posted 05 January 2007 - 06:33 PM
#7
Posted 05 January 2007 - 06:57 PM
#8
Posted 05 January 2007 - 07:02 PM
dcengr....I really like your comparison charts, do you generate those or do are they available from a website ?
Thanks
I generate them using Excel.
#9
Posted 05 January 2007 - 09:28 PM
#10
Posted 05 January 2007 - 09:33 PM
very nice work.
Thanks for your feedback.
Np.
I'm guessing someone wrote some software to do this automatically, so I'll look for that as well.
I'm still interested in getting a copy of Paul Tudor Jones DVD where more of his methods are described. I'm sure he uses more than just price correlations to map direction... I do know for a fact he uses sentiment (he subscribes to practically all newsletters out there).
He does use fundamentals, but I'm not sure how...