Does this mean I could use this on end-of-day data as well? If it's "timeless", this should work as well, with equilibrum is "met within a short period of time" of my selected timeframe. Thanks for a clarification. Maybe we can invite Mr. Chen to join the discussion? agrau
well, Mr. Chen can join the discussion but he should pay entrance fee first however I doubt if he has any money left after putting up the table in New York Expo.
Reitberg..... Thanks for responding. Unless there's evidence otherwise, I'll take you at your word. I too, have mentioned a few products here. Nothing wrong with that as long as one is not trying to profit without being a paying advertiser here.
If anybody would like some help with J-Chart than please just send me a private message in elitetrader. There is plenty of real time support available during trading hours for J-Chart. Also, I post charts to my website, and if you do a search on J-Chart on elitetrader, you can find some more examples of pictures.
Let's test the waters on J-Chart for Monday's session: Here is my analysis for the ES. I think that we will hit 1139.00 and reverse back to the downside violently to 1107. If 1146 is broken to the upside, then I think the uptrend is back in play. So 1146 would be the stop on a short at 1139 on the ES. I have updated the site, and there are resonance targets to 1139.00 on the ES. We also have a cave to fill at 1139.00, and there were two previous days which had 1139.00 as their Balance points. http://www.fibwatch.com/jchart.htm Please also refer to the intermediate update page for the longer term picture. There is still equilibrium to be filled at 1107 on the ES. http://www.fibwatch.com/intermediate.htm
Well, The forecast has been dead on so far. We had a forecast on Sunday night that 1139 would hit. The same forecast went out Monday night. If you need to review the 1139 forecast, here is a link to the picture: http://www.fibwatch.com/jc/es_04202004_forecast.jpg And be sure to check out the intermediate time frame page: http://www.fibwatch.com/intermediate.htm So far we hit 1138.50 today. That's close enough to 1139.00. As of writing this message, the ES is down at 113350 and if you were to have shorted 1138.50, you could place a stop right at 1138.50. I am not saying that 1139 is the top of this move..however, it is MAJOR resistance and we should have a difficult time breaking this area. If 1139 is broken to the upside, then 1145 is the next upside target. Enjoy the J-Charts!
1139 was the JC forecast...WE DID 1138.50 on the ES today. That's close enough. 1121 as I write this message. And I still think that 1107 is the next major downside target.
Here is my J-Chart update for Tuesday night: http://www.fibwatch.com/jc/es_04212004_forecast.jpg 1107.50 was my original downside target. I believe that 1107.50 will offer some support, however I do not know how much support. 1097.50 is the next major support. Enjoy -Dan