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TREND1,
Thank you for doing this work.
I find this chart fascinating, and I don't know why. That's usually a good thing.
Can you do one for just an hour? I'd like to match the P&F to a candle chart, and see if I see anything.
Is there any way to detect for lack of a better phrase, "progression of parabolics"? Today's data, in the Christmas colors, for example, has a nice set of increasingly higher highs from 7-ish on, and kinda same higher lows. Same kind of declining tops 05/11 from 7:30-ish.
Fascinating. Perhaps, even logical.
rr
Can you really pull a sell to close order for calls after only three crash and burn alerts?
What would you do in a volatile market?
rr
RCKS,
If you do two things with a prediction:
1) pick the number / direction / timing whatever
AND
2) say that you can guarantee you'll be wrong
you will have the best of all worlds.
Or, just bet's yer money, takes yer chances, and ignore the critics.
sounds like StockCharts ...
Sweet. Good to know the bad boys are still around.
I thought we were past all the badness in the Whorled. Oh well.
rr
Could you put that in less technical terms, so we might know what's happened?
rr
If we go up, we're going up, and if we go down, we're going down.
Got it. Check.
rr
Auhhh-NM,
Aren't you rather long biased? In erase position, as it were?
Pretty word pictures, though
Have fun,
rr
You are really mixing a lot of interesting metaphors this morning.
With the nostalgia for the old days, and the soon to come increase in volatility, and LG promising never to use plain future tense English again, this place could be party central real soon.
How's the allergies?
rr
Hey, what ever happened to this idea? pretty close to that slow stoch from aj, at least for this cycle.
rr
Wasn't it mark Twain who said playing the stock market was easy. If it's going to go up, buy it?
rr
JLS,
Man, I'm glad you didn't point that at me ...
rr
My guess is that McLaren's web site somehow screwed up his RSS feed, and is publishing his 'for pay' work.
Interesting.
rr
I doubt he's put you on ignore. Too many times you agree with him
Gold, lunch, bathroom break.
Don't forget, he's Neutral Man, man, and if tomorrow is a dullish day, he'll need to be flat. IIRC he sold to close a buncha puts.
Just sayin'.
Oh, great calls today, too.
rr
etf time decay, with math !!!
http://accruedint.blogspot.com/2009/05/leveraged-etf-math-this-may-smell-bad.html
rr
OT:
LG,
As long as it ends, sooner better than later, that's a beginning.
The concern is ... how long? Won't be months, or a few years. It'll be presidential election cycles, if not decades.
Makes my 1 minute squiggles almost comforting ...
rr
Sure.
I get:
- actionable daily signals to buy / sell a self-defined portfolio of (in my case) sets of mutual funds, etf's, whatever.
- organized background info, like relative strengths, BP's for all sorts of stuff, a whole 'school for how to do this', commentary from Tom Dorsey, et al.
Cost is $50/mo.
JO buys the premium 'pro' package.
rr
Nope, not saying it's clearer. Saying I can't tell the difference.
Why would you use p&f on a 1 minute basis anyhow? It's very much like looking at candles.
On the 1 part of my 4 part world, that uses p&f, I use DorseyWright.com to signal buys / sells on a (small) universe of Vanguard funds I have in a 401(k). The BP's are good for determining if I should be aggressively long or cash.
For my 1 minute stuff, there's better toys to play with than p&f.
YMMV ...
Messy?
rr
further ... here's 10 days back - don't recall how many 1 minute bars StockCharts provides - 20 days or so IIRC.
http://stockcharts.com/c-sc/sc?s=$SPX&p=1&yr=0&mn=0&dy=10&i=p28826902866&a=163133302&r=5845
Let me make sure I grok this thing ...
Point and figure charts change columns (1 to the right) and symbols (O or X) when a (nominal) 3 box price change happens.
Your equation for this chart PNF(0.45,3,H/L,$SPX,1) 250 Bars,6:30-13:00 means:
box size .45
reversal box count 3
H/L? Average of the hi/lo for the minute?
$SPX index
price calculation = 1 minute
bars on chart = 250?
6:30 - 13:00 means you're on the left coast.
Comparing your chart to my 1 minute chart, they look ... about the same, as they should.
Is it clearer? I can't tell.
Is interesting, though.
rr
Some day, some day ... not on my day job machine, though ...
But, some day ...
rr
With a price channel, and a centerline.
A slow stoch would be a nice touch too.
P&F's an interesting thing. Kind of hits my pattern matcher sideways. Maybe that's why It appeals.
Look what it's done to JO !! (just kidding ...)
Good man. Much better than lots of squiggly lines and stuff ...
Back to my 1 minute charts
rr
Ok, it does look nice.
eSignal isn't StockCharts.
Your bottom axis is time.
p&f charts by definition aren't time based.
I'll stick w/ p&f from Dorsey's site.
But, it does look nice. Got a theory of operations?
T,
I'm not sure that line makes much sense. The time scale isn't linear.
rr
whipsawed at 10:27
6 minutes !
Gotta love it
Very long BGZ at 10:21
So, what'll it do in the next 6 minutes?
Hey, Jessica,
I'm not sure how you found us, but I'd glad you did.
Welcome.
rr
Yeah, well, at 3 in the morning, it might be something else.
One just needs to take precautions ...
rr
Hey, my preferred method is 1 minute $SPX charts.
This one is in my list of 4 systems to use. Builds character. Keeps me off the trigger.
rr
You mean, aj knows Fibonacci personally?
Cool ...
I'm pretty sure you should buy a new DVD/CD drive, and replace the old one.
Assuming SATA,
http://www.newegg.com/Product/Product.aspx?Item=N82E16827151171
I cannot (or, here, will not) tell a lie.
ajtj gave me the numbers (actually, most of the chart). I just don't lose them, and draw pretty lines on them.
If you ask me, his wife is a genius.
rr
Not unless you are stone cold sober.
Give me about 3 hours to get out of here, and get thru the gym, and the answer'll be yes.
Earplugs? Louder fans? Music?
rr
Why in Heaven's name would I look at my own charts? Isn't that why T is so highly valued here? Wheerdhego anyway ...
That's good, because the other red / green transitions were waterfalls ...
Note also that May 2008 features a doublecross. I'm hoping we get one of those too.
Have a good evening,
rr
$SPX party over ? STO crossover today.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=2&mn=0&dy=0&i=p61507510965&a=130837779&r=8968
Well, I don't know you well enough to discern
P&F shows support and resistance, which is sometimes popular with the kids. It's an old technique, because it's very amenable to a single time of day, hardly any 'arithmetic required' update on paper.
Tom Dorsey makes a good living teaching / supporting the technique.
JO does too, I think, even though he's never offered to buy me cheesesteaks.
StockCharts has a lot of the computer work / data collection that used to be exclusively available from DorseyWright.
YMMV.
rr
P&F is price action, not time action. Look at the charts, and the x-axis is only there for reference. It's price reversals that 'move you' to the right.
Your question might more appropriately be asked "how many boxes constitutes a reversal?".
JO's the P&F guy here. I'm just an innocent lurker
rr