1509 should be tested
#11
Posted 29 May 2007 - 09:58 AM
Mark S Young
Wall Street Sentiment
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#12
Posted 29 May 2007 - 10:08 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#13
Posted 29 May 2007 - 10:23 AM
Mark S Young
Wall Street Sentiment
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#14
Posted 29 May 2007 - 10:39 AM
#15
Posted 29 May 2007 - 10:47 AM
Repeat after me:I'm seeing the value in looking on bigger frames, however, when there's some doubt on the 5'
The longer timeframe signal ALWAYS takes precedence over the short timeframe signal.
Now, having said that. The SP contract is a DERIVATIVE of the SPX cash, and the underlying Index signal takes precedence as well...
Edited by SemiBizz, 29 May 2007 - 10:57 AM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#16
Posted 29 May 2007 - 11:03 AM
Mark S Young
Wall Street Sentiment
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#17
Posted 29 May 2007 - 11:15 AM
I think that the futures drive the cash. I don't think the normal derivative rule works here.
How can this make sense, the cash index is reflective of all 500 stocks that are bought and sold by institutions and the public, isn't the value of those cash transactions greater than the futures?
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#18
Posted 29 May 2007 - 11:20 AM
ES June
5min buy
15-30-60min buy
daily sell
on 1week chart
30min sell
60min buy @1515
dly sell
#19
Posted 29 May 2007 - 11:22 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#20
Posted 29 May 2007 - 11:29 AM
Honestly, Semi, I think that the futures drive the cash. I don't think the normal derivative rule works here.
FWIW: I can say this, about that: Volume data on ES has a higher predictive content then volume data on cash.