Trend day will occur 100% of the time in the 1-2 days following a minor change.. It just helps to be quick enough to spot it and not get fooled by a possible reversal day
Thanks again! It will be fun to check this out real-time. Perhaps I can code this in to excel. Good luck and thanks again. Great stuff.
Depends on the PPI and what the bond guys do, but at the very least an afternoon run for the roses. Friday the 13 and almost exactly 13 weeks from the March 12 low..... hmmmm Chart shows a it's either a melt up or down inflection point.
I just posted a contrary alert haha ! http://www.elitetrader.com/vb/showthread.php?s=&threadid=18685 Funny how people like to play Rambo killing the other side: if you're trading just for blooding the Bulls or the Shorts well you'd better enroll in Military camp .
If, and a big if, 997 S&P holds it could go to 1013 today. How cool would that be , Friday the 13 and 13 weeks from the March 12 lows.
Very interesting guys. All using different methods it seems that each of you concludes that we are headed for some excitement today and/or Monday. I wonder how many (what percentage) of stocks put in Narrow Range or Inside Days yesterday? Good luck today!
What is the market at right now? I do not have my data feed up. Would anyone be so kind as to provide the major indices?