<<"Can't help himself; he's hooked on phonics">>-- nope. If one would waste enough time to analyze it could be determined if it is a means of bringing attention to himself or due to the fact he cannot spell beyond a 2nd grade level. If even more time were wasted, his agenda could be determined, other than just seeing himself on the internet. Possibly he has a goal of becoming the record holder for wasting the most bandwidth in the universe? ROFLMAO--- the 2nd person 'ignored'!
18 CHARTS: WITH ANALYSIS! COMP, NDX, VXN, Multiple Time Frames.
The key to understanding what I am attempting to do with these charts is to study the relative positions of the oscillators from one time frame to the next.
{a} For example, take a look at the Stochastic Oscillator on the daily COMP chart. During the entire month of October, it went from oversold and moving sideways to overbought and moving sideways.
{b} Now, take a look at the stochastic oscillator on the 120 minute chart during that same month, and you'll see that it went from nearly oversold, up to the mid-point, back down into oversold, up into overbought, then sideways/down for a couple weeks to about the mid-point, then back up toward overbought.
{c} Now look at the stochastic oscillator on the 60 minute chart for the month of October. It went from oversold to overbought, back to oversold, back to overbought again, then made two round-trips to the midpoint, then back to oversold, back once more to overbought, and then turned over as the month was ending.
{d} Okay, now look at the stochastic oscillator on the 30-minute chart. During October it entered/touched the overbought region no fewer than eight times, and the oversold region four times, plus made several moves which completed only part of the distance each way.
{e} Now comes the 15 minute chart. Again, look at the stochastic oscillator, but don't look at an entire month, just look at November 12. On that single day, the stochastic oscillator nearly completed a round trip from oversold to overbought and back to oversold again.
{f} Finally, look at the stochastic oscillator for the 5-minute chart. Again look at November 12. ON that day the stochastic oscillator made an entire round trip during the first couple hours of trading, then made several partial trips, before finishing in oversold again.
Now go back to the 120 minute chart again. The stochastic oscillator is overbought and turning downward. Assuming it continues in that direction, about how long do you think it would take for it to reach oversold? Does four to seven trading days sound like a good guess?
How about the 60 minute chart? How long do you guess it would take for the stochastic oscillator to move into oversold from its current position? Two, three, four days max sound about right?
So, if the stochastic on the 120 minute chart is headed for a round trip, then we are in for about four to seven trading days of downward movement, no? Or, if the stochastic on the 120 is not going to go all the way, but the stochastic on the 60 is going all the way, then we are headed for about two to four days of downward movement, right?
Now look at the stochastic on the 30 and 15 minute charts. Note how it is compressing into a vaguely triangular shape?
Next, take a look at the stochastics on the NDX charts, and note that we see much the same patterns.
Now go back and look at the other indicators on all of the COMP and NDX charts, using the same techniques. Note how price is near the top of the bollinger bands? See how RSI traces much the same pattern as stochastic, but in a much twitchier fashion? Look at the PPO, (for those of you who are unfamiliar with PPO, just think of it as MACD). Is it drawing bullish or bearish patterns? Which way are the red, (selling pressure), and green, (buying pressure), lines moving on the various time frames of the ADX?
Finally, look at the last set of charts, which is the VXN. Compare the stochastic from one time frame to the next, then compare the PPO across time frames, then the ADX.
WHAT ARE THESE CHARTS TELLING YOU?
Don't look for some bright-line answer, because there is none. Take it all in, then sit and digest it.
Think.
Think!
THINK!
Where is this market going over the next few days?
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