ajtj99's Market Pulse

[Math Junkie]

My understanding of the "Close on the lows/change in trend indicator" is that it is a two-step process. Once it is triggered (somewhere around 10:00 am) then he watches to see if NDX does indeed close within five points or so of the low. If it does not, then it is identified as a change in trend, and that would therefore constitute a prediction of what prices would do after that.

Of course, we have the problem that the predicted change in trend failed to materialize last time (Thursday/Friday), but I hope no one thinks they are going to find an indicator that is correct 100% of the time.