It's not a timing chart....it's a warning chart. Price always (and only) provides the timing. Plus they are not aribtrary, they're just what the market(s) has done. 99.9% of the time it tells you nothing or simply confirms the current trend, but every few years it provides an early warning to major trend changes. From here you can use VIX along with other correlations that have existed during the current cycle for additional confirmation (if you want), and we have several of them right now. Nobody knows what will happen next, but I suspect the next dip the "dip buyers" buy is going to prove problematic.
are those new all time highs im seeing on the chinese market? just nuts, we have a crash selloff, they make new highs lol
I think you'll find that using various stock indexes to confirm each other is a flawed approach, at least when it comes to the bigger picture stuff. For example, in 2000 the Dow peaked in January while the Naz peaked 2 months later in March.
lets see how this goes.... but so far, the trading stats are playing out I posted on friday seem to be playing out 3 weeks to reach 1501, good start on day 1 hehehe and the 1% hurdle has already been met so the 9/9 now becomes 10/10 for the 1% hurdle
here we go, 1501 coming that was the bottom today, for a relief rally within 12 trading days to 1501 target
well, I hope someone made money off my stats target of 1501 was hit today, with lots of time to spare the probably of success on this setup for a 3% move is now 90% and a 1% move is 100% I will revive the thread in a year or 2 from now when the setup probably arises again
The only person that matters when it comes to making money off your posts is YOU. So far though you haven't given any entry points or stops, and the last time you called a bottom the Dow lost 286 the next day with the SPX/RUT breaking their recent lows. Stats are like theories - they sound great on paper but usually unravel when the light of reality is shown upon them. Trading is also easy when done on paper and/or when the use of stops is, er um, optional.
After I posted this, anyone who wanted had 4 TRADING DAYS to enter long at less than 3% of the target price the exact exit was called to the point, 1501 on SPX I dont even watch the dow for one second of any day of any year, I don't care where its trading.... so if I posted on the DOW its news to me as for you nonsense on stops - yeah i trade without stops.... Try use a call to trade a setup like this next time, or a low leverage 1:1 trade with 10% of your account size or similar, 2 revolutionary ideas for you I am guessing.... I posted this in the spirit of sharing some facts I had uncovered, why would I post anything if all I cared about was "MY OWN TRADES" as you put it, that would be a waste of my time, be easier to post nothing then. You and the likes of you are the reason ET has degenerated into 99% garbage.