Sunday, June 10, 2018 10:45:57 AM
So, True Uptrends tend to post Higher black dots pretty much day after day, and STAY above the Black line(Sum48) during said Uptrend!
Because this is true, one could wright a algorithm that expresses the implied up action based on the Opening price and LOD, Right??
For example:
Spy closed prior day at 275.00, Sum4 closed at 274.50 and we're in a strong Uptrend...
Spy Opens at 274.00, climbs to 275.00, what will be the HOD, its just math play-r's!!!
We can simply add two of the Sum4 parts(Open and LOD), and divide by 2 and get 274 + 275 = 449/2 = 274.50(exactly what the Sum4 closed at), but there r two more parts to this equation, the HOD and Close, let's continue shall we...
Open, 274
HOD, 275
LOD, 274
Close
Total, 823
Divide/3, 274.33(NOT gonna post a black dot above 274.50, right)
Open, 274
HOD, 275
LOD, 274
Close, 275
Total, 1098
Divide/4, 274.50(still NOT gonna post a black dot above 274.50, right)
From this example, and the Uptrend chart, we can quickly extrapolate that Spy has to CLOSE above 275 to continue printing higher black dots, hence, ANY price action below 275 at this point has a high odds of rebounding higher, right!!
In addition, Spy runs up to 276, how low can Spy close and still post a higher black dot???
Open, 274
HOD, 276
LOD, 274
Close, ???
Total, 824
Spy can close as low as 274.01 now because its HOD was 276, the Algo play-r's have already calculated thousands of iterations of said scenario(using there own parameters), and derive high odds plays that they execute in the last hour of the day based on where price is going into the bell, simple as that...
On the other hand, da-Boyz r constantly pushing prices up and down KNOW-ing that it will trigger buying and/or selling based on said Algo's???
Just a FYI...
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