hi W.B. - yes, i will try not to over-use your welcome by pestering with questions.. - thx for the feedback, this is helping me a lot in my work. i think one of my questions was not clear: i assume this means you bought puts - i am trying to understand why do this rather than, for example, just keep a stop on the longs and re-enter if stopped out... by the way, i still can't figure out how you can anticipate that Wednesday morning will be an important point... (this is NOT a question ) - i know you have mentioned you use your own techniques - this approach does sound similar to Gann's, i have read some Gann material in the past, but not much and not done anything with it, but i have seen one trader who uses his version of the Gann methodology to anticipate intraday reversals.. i understand your point that people do things at certain times regularly - for example, i have studied intraday volume in the index futures and the bulk of it gets traded in the first 1-2 hours and the last 1-2 hours... - but this is "obvious" knowledge/fact, i.e. there is lunch time, there are logical, sensible reasons for morning and afternoon to be relatively more important time windows because that is when more volume naturally comes in - however, i have not looked at the distribution of volume for different days of the week, for example - would you suggest that some days are more "important" than others? - i can only guess that the day before a holiday, for example, could be lighter volume and the day after heavier... - of course, then there are seasonal effects, such as the summer lull.... - i am not sure if what i am trying to say here is relevant at all to how you look at things. i am looking forward to see how Wednesday turns out.
Apologies for not posting sooner. I had a microwave accident- steam burn on the top of my fingers and hand. Careless, simply careless. Blistered and a bit of pain too. All are mending. Typing with 1 finger and a thumb on wrong hand. Steady onward. The marketâs humour is evident again. Straight up to remove all doubts. Not a low this morning to be found at our minor time locus. Well, it happens. Just before the burn accident, we bought the close on Monday, reversing our stance. We had a buy signal in the morning and then just after that small pullback around the lunch hour, we had another buy signal. We took them as real and acted. We have the close today approaching oversold! As I mentioned before along with hundreds of other people, this week is usually an upwardly biased week historically. I will add that it frequently continues along into the first day or two of December. We are staying long. I will try to post on Friday or Sunday. Hoping this bandage is off and flexibility is back. May all of you have a good Thanksgiving with family and friends? We have much to be grateful about this year. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns We donât project a tradable high for today. But we do see tradable lows coming to prominence. These are quite useful to add to long positions or to initiate a long position. The timing loci are going to be simply incidental to the trend. As we have said before (maybe too many times), these markets are in a very bullish upward move. A smart trader or investor will only look for buy signals to enter the market. It is hard to believe sometimes. The indexes will just persistently go up. It will seem non-stop. You may think, âIt just cannot keep going without a correction.â Donât believe that. It can, and will. Small pullbacks will be bought heavily. This 10 a.m. low and the 10:30 a.m. time locus might mark the low for the next few days. We could not be any more bullish. BUT we will turn on the moment if we see anything resembling a swing high that could last more than a day or two. We will update at that time. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Dow 30 Projections Levels of Resistance 11,250 11,366 11,647 12,460 12,955 15,405 23,850 These are quite solid levels to look for a tradable high. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns SPX 1255 should provide necessary support it if the index gets there. Dow 30 support at 10,800. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns Scalp trade on YMZ05 - long Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns Scalp trade on YMZ05 - long covered for 6 points - not fine winner. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns Better looking structure at this point in time. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns Better looking structure at this point in time. Range level to possibly YMZ05 10,940. EDIT: 4:20 est I expect an upward run at the open tomorrow toward that 10,940 level. Then, if it continues on upward above 10,955 I might add to my longs. Good Trading and God bless. W. B. Busin
Market Timing â 11/28/2005 Timing Market Turns Next SPX timing locus for a high is Thursday, December 8, 2005 at approximately 11:45. We have stayed long in our core positions throughout the recent minor pullback. We will go to cash on Thursday in those positions, unless otherwise indicated. The hand is better. Burns donât heal very fast. Iâll attempt to post more regularly soon. This move upward off the October 2005 lows is not over on Thursday. We see it as simply the first move of the structure that will continue on into Spring 2006. Good Trading and God bless. W. B. Busin