On the 2 point grid we have following results: Long since 782 TS 782 on 2 point grid Reverse position if TS is triggerd (applying TS of 2 points)
See the INDU, SPX, NDX and RUT in one graoh over 10 days attached. DOW is more than 100 points down from yesterday's close!!!
The INDU retraced 5/8 of it's up-move in the 10 day 30 point grid window yesterday. Signals: Down since 12540 TS 12510/30 Next signal Up TS 12510 (TS 12480) System: no big beneficial in this time frame general trend 1 year is up
The SPX retraced 50% of it's up-move in the 10 day 30 point grid window yesterday. Signals: Down since 1425 TS 1430/5 Next signal Up TS 1430 (TS 1425/5) System: Stop 30 TS 5 + evtl. PT 30
The NDX retraced 100% of it's up-move in the 10 day 30 point grid window. Signals: Down since 1780 TS 1790/10 Next signal Up TS 1800 (TS 1790/10) Systems: a) Stop 20 TS 10 PT 50 (50 points gain) b) Limit 10 S 20 PT 10 (countertrend 50 points gain) c) Stop 20 TS 20 PT 50 (60 points gain) Attached graphics shows a)
Finally the RUT Signals: Down since 785 TS 790/10 Next signal Up TS 790 (TS 780/10) System: a) Stop 10 TS 10 PT 25 (10 points gain) b) Stop 10 TS 10 PT 10 (10 points gain) Graphics shows a)
We have at least 100% up room to go on each of INDU SPX OEX NDX RUT. The only thing I am bearish on would be QID, way too risky.