The ER2 Trading Journal

Is that Pesavento map?

 

KC, that's right. It does wonders sometimes.

 

Well, to me it looks more like futures program trading driven market.

 

so what does it forecast now for the er2?

 

Here you go, tomorrow's forecast based on yesterday. Check out the forecast below based on the daily chart. It has a big difference.

 

Also look at my forecast posted several days ago based on Elliott Theory. ET hits right on the money. Now I'm wondering if these many future trading systems have ET built-in and drove ER2

http://www.elitetrader.com/vb/showthread.php?s=&postid=894851&highlight=Elliott#post894851

http://tinypic.com/view/?pic=fktyd5

 

This daily forecast can tell you a trend, but it doesn't forecast as well as the next day forecast.

 

And compare it to the next day forecast (I didn't put after hour trading in it):

 

The forecast for yesterday:

http://tinypic.com/view/?pic=fted6q

And what really happened yesterday:

http://tinypic.com/view/?pic=ftedjo

 

With the after hour trading included, a quite difference forecast result (opens at 652, low 652, and high 655, wow, a very narrow trading range). It forecasts a big drop right before 8:00 AM. I think if it really happens like that in premarket, we will take this one.