Trend1,
I think you are seeing what you want to see, not what is.
In your Post# 112, the post that started this sequence of posts, you linearly projected the green line downward after a completed day of green on Friday, 09/25. In fact, you used almost a whole day’s worth of data to derive that linear projection, and you had a lot of time to think about it as that post was made very late in the day. A simple extrapolation of that projected straight line would put it at an S&P 1041 early this morning, when the drop stopped and the reversal started. Today’s reversal started very soon after the open, and it happened nowhere near 1041. At the point of the stop and reversal there was only one or two more bars of data and that would not be enough additional data to justify changing your earlier projection which used 13 bars of Friday data.
Now you write after the fact: “The green ( projected) shows why the drop stopped.IMHO.”
Yet, as I stated earlier, the green line would have only shown about an hour’s worth of additional Monday data after Friday’s close (because the price decline stopped very quickly this morning). The chart you show in Post# 121 shows many bars of additional green data, well after the fact. Sure, if you project that data that arrived late, then you could come up with a flat projection, but that data did not exist at the time of the reversal.
With all respect for what you are trying to do, you are being fooled by offset data.
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