Walther, What theory are you basing your cycle analysis on? Where could I find something about it to read? Thanks.
I have my own methods, basic math and some complicated geometry. Watch for important( tradable) price level to be established around 13:20est today and around noon tomorrow.
Has the Nas got anything left? If it has it won't be much. It's looking ripe for big downtrend. Get your shorts on!
walther I know someone who posts elsewhere about cycles and "change of direction" points etc but he usually gives a few days either way and even if he is right more often than not ... is hard for me to think a short term trader could follow his signals if your #'s short term or time of day turning points do work more often than not ... perhaps filtering them with other short term indicators might give you an edge that others do not have good luck ...
Amazing! Could you post a picture showing how to draw trendlines through these points? Also, you mentioned using some complicated geometry, could you be more specific? Is it completely your discovery or you developed it from another source?
You might be right, but i really do not care that much where it will go I know when it will , most likely, turn and do not worry about direction too much.
You are right, I use dailies just for a rough idea of a magnitude of a turn, then go to lower timeframes. I have already developed bunch of confirming methods. Thanks.
Just draw horizontal trendlines at the price extreme closest to posted time. As far as geometry goes it is my original use of geometry to time turning points and set useful price levels. What is great about geometric method is that one can use it on any volatile market without adjusting anything which is a major problem with numerical systems.