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Re: nowwhat2 post# 275544

Monday, 01/07/2019 1:55:01 PM

Monday, January 07, 2019 1:55:01 PM

Post# of 385178
Now, what? what do u mean?
That chart has only two elements:

1. The OE pivot levels, right?

2. The initial 4cast of Net... that it can be very wrong , as any 4cast, but gives you an orientation...

Now, what is the Puzzle? I think you mean the levels and what to do with them, if that is the case, maybe this help, or not? lol

With the OEPM calculation, I can expect a price range
The obvious contribution that the OEPM calc makes immediately is to limit my expectations of price action to (xx) Up and (yy) Dn.
This is GOOD info for me personally since I'll be playing options and need to know which ones I should Sell Short or Buy Long. It becomes a clear answer as to which options NOT to buy/sell since any options with strike prices outside the expected price action would be a BAD choice to play
The next key data I can extract from the OEPM factor and price action is the probability of a reversal in price action.
This is where the S/R levels become very informative in determining the next expected price action. ANY CLOSE above/below the S/R levels portends a HIGH probability of the next S/R level being at the very least TAGGED (touch on a intraday basis only), and maybe even a CLOSE above/below that S/R level.
The rules SUGGESTt that as price CLOSES above or below S/R levels that a re-test of the previous level is highly expected (or a high probability exist). And if that re-test holds on a CLOSING basis, expect a continuation of the Up or Dn action being confirmed!

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