Pekelo, I don't mean to hijack ZZZZZZZZZZ's thread, but I would be interested in seeing another chart like the one you posted. Maybe a different day or stock/index.
I don't consider this my thread. Anyone can post whatever charts they want, whenever they want....this is the Technical Analysis forum, isn't it?
ZZZ's charts are self explanatory for anyone with a modicum of TA knowledge. No commentary necessary. Take it or leave it.
So let's ask again, what is the point of posting evident charts without commentary? (not that I expect an answer) And please Martin, would you care to explain to us dumbasses what we are missing? Also you might want to considers newbies joining ET every day. Silly notion, actually educating others... As for Z, he could have just said any of the answers below: I post charts without commentary because: a/ I am a postoholic, somebody please stop me! b/ I get paid 5 cents a post and I am way below my daily average. c/ There are secret messages in the charts, but only for the initiated. d/ I don't have a life. Now, if you don't mind I am going to share some of my charts, after all I was asked to do so...
Today was a very good day to play with BB and W%. Very good and clear signals, most of them playing out 20 points gains using YM futures... Notice how the crossing of the Bollinger Band and the W% hitting top or bottom compliment each other...
ZZZZZZZZZZZZZZZZZZ: Instead of curve fitting, why don't u just plot the high and low of the first 15-minutes of trading (Opening Range) to show everyone how significant it is.