Mav, May I ask why your A down value is so close to the low of the opening range in August? I'm assuming that you are using the high and low of the first two days of the month before setting the A values. So that's probably where I'm messing up. Also, do you keep number lines on weekly and monthly as well as daily?
I just use the first trading day of the month. I do keep static monthly number lines and I have a rolling 5 day number line I use for momentum.
time to look at the first two weeks theory from MF although the year is not over yet, there may still be some downside depending on the fiscal cliff. Take the close of the first two weeks, as you can see the mkt had a nice breakout reverted to the open in june and broke out again, then put in a higher low. Mav you were also right that we would end the year higher.I believe the low in nov at 135 will hold, also you can keep an eye on this first two weeks of next year, happy holidays!
I know spy was down Friday because of the Plan B thing, but it was also its ex-div date. How do you guys count ex-div dates for your number lines? Do you just throw these days out or count them as well?
It doesn't affect the number line. SPY gaps down on the open. Number lines are derived from the opening range and A values.
welp, feel like an idiot now. just found where i can set up pivot moving averages on TOS. haha number lines and automatically drawing out the pivots and A values will just have to be a manual process every night until i can find someone to code it though. i'm going to make sure that my kids will all be computer science and economics double majors.