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VIX and option premium are related. Lower VIX indicates lower option premium. So, is market expecting less of a movement tomorrow or is just a manuplation?
Strange that market down and VIX down.
Looks like NVDA is not going anywhere. Probably kill both Calls and Puts.
NVDA needs to break resistance 129. SMCI is affecting AI.
Is Tim Ord's down scenario developing?
IWM fighting high volume Red candle of Aug 1. Probably 225 next week, before reversal?
Glad to hear about reaching your goal for surgery.
Thanks for all your comments, and others on the board. They are very helpful.
Talking about turtles, I am very slow too because of age. I take too long analyze, missing opportunities. But overall very good year so far.
TimOrd's indicators worked really great.
Jerry see my message on Discord.
Yes I saw that earlier. But reading the article looks like it is a known thing. Also, articles have some caveats.
If labor market is weak, does Fed reduce interest rate and we rally?
With Jackson hole meeting I believe probably sideways, unless in that meeting there is negative info.
NVDA earning Aug 28 AMC, probably will be defining moment for ES, NQ
Thanks.
So, use Delta together with other indicators. to confirm.
Is NewStudy5 the Delta?
That study if you connect the tops to create Delta chart. It seems to follow price. So, how do you use it?
Cum Tick and A/D acted as contra indicators today and finally they proved correct. It is the manipulation. You just don't know how long the manipulation last.
They where able to manipulate first 30 minutes, indicators were saying that it was manipulation. Now it is catching up.
Can you post the chart with how to read the Delta indicator. If it is easy for you, you can post on Discord.
As I mentioned in my yesterday's post, sometimes indicators don't work. Currently ES going against Cum tick, A/D
This is usual manipulation.
Sorry Twilson, I meant to say saw it.
ES: Since Aug 7 dbl bot on 60 min chart, 60 min 50 ma has been support. Only last 5 days on my chart is shown.
Twilson show it. Try this link.
https://discord.com/channels/936352025178935317/936352025703247956
Posted on Discord TAfbP
Cum Tick together with A/D works better. But like any indicators there are times they don't work.
Is newstudy5 the Delta study?
TOS newstudy0 looks similar to cumulative tick (CT)
On 5 min chart, CT shows 1 red dot at 10:15
It shows 3 red dots around noon. Does the study shows that ?
Got it. Thanks.
Thanks. I learned a lot from those classes. You did a great job in preparing and presenting those classes.
Yes. Please email me. Thanks.
dk
That was lesson no 9 on 5-17-2016?
I have notes, but missing the picture.
Was out whole day. Just got back. I was thinking they would test SPY 532, nope. Question is possible 2nd low this week or Monday?
I do not watch TD9. I mainly use S/R and BB. Watch VWAP, 9 ema.
Got it. Thanks. Will study over weekend
Found it. It looks like Sequence counter is same as DM9
I don't know enough about TOS Sequence Counter. How does that work?
TOS does not have TD9 indicator, but there is script available by googling for "TOS TD9 study"
Great timely post by Jerry of TD9 call.
Just Google this ( what is "td9" in stock chart ) to find out about this indicator.
It worked perfectly today. It did not work yesterday. So, have to have STOPs in case it does not work.
There was 1 red candle in TD9 and 9 green. Do you ignore that 1 red candle?
Looks like TD9 started?
VIX has catered from 65+ yesterday to 25 so far, helping markets.
Exactly "i only have today. tomorrow is out of my view and control "
I had several protective puts expiring Aug 09, that I closed Friday for substantial gain. Had I kept for Monday or rolled down, would have been great, but who knew Japan would crash Monday and bring everything down.
Thanks Jerry for clarification. I will be an octogenarian end of the year. So, some of the old experiences are hard to forget. New ones are hard to adapt.
Here is the article from 2007. I have seen it play out so many times since I started investing in 1987.
Tuesday Triggered the "Two-Tumble-And-Jump" Rule
Sep. 20, 2007
A theory that calls for substantial market gains within twelve months of two consecutive reductions in monetary policy variables – in this case, the discount rate – means the bull market has resumed. At least that is the opinion of Octagon Capital technical analyst Leon Tuey, who wished clients “Happy Bull Market!” in a note after the U.S. Federal Reserve moved to cut interest rates on Tuesday.
If you think the Fed is not completely aware of what is happening in the economy, then the world is in a whole lot of financial trouble because it has more and better data than anyone on Wall Street, he said in support of the central bank’s move.
Mr. Tuey considers a cut in the bank reserve requirement – the minimum reserves each bank must hold to customer deposits and notes – the single most bullish indicator for equity markets, noting this always yields dramatic market gains within a year.
“This is not surprising as it is a clear signal that the Fed is stimulating the economy,” he added.
In addition to reducing the discount rate, cutting the margin requirement is the other option cited as a way to achieve these gains.
With the exception of 2001, when author Norman Fosback’s “Two-Tumble-And-Jump” rule failed, the median gain for the S&P 500 Index is more than 20% when one of these three approaches is adopted, Mr. Tuey said.
With the triggering of the “Two-Tumble-And-Jump” rule on Tuesday, history seems to show that the market is in for another 20% gain in the next twelve months.