Forecast for 25th & 26th Aug'03

Quote from T-REX:

Is anyone going to short this market today?
According to PulseScan this E-mini S&P 500 Futures contract has had it!!! We could see some major selling in the September contract today.

I included a copy of the PulseScan Swing VIX Indicator. You may find it helpful.

:mad:
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I couldn't DL the doc :(
 
Quote from nkhoi:

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Im not the most computer literate or technically savvy. Thanks for the help

:)

p.s. I hope you all are short. This could be a real bleeder today. Things could get real ugly real fast.
 
The "Black" Line is your normal daily Stochastic Oscillator.
The "Yellow" Line is your Signal line.
The "Blue" Line is your Pulse line.
The "Red" Line is your Scan line.

The rules on the Black line is 100 = Extreme Overbought
0= Extreme Oversold

This is common with the normal Stochastic Oscillator function. However, as a stand alone it can be very misleading as it can stay overbought or oversold for an extended period and is prone to false signals.

The rules on the Yellow line is +.29 = Overbought
+.40 = Extreme Overbought
-.29 = Oversold
-.40 = Extreme Oversold
(This is your lead indicator)


The rules on the Blue and Red line is - they both plot the current position of the market and move in lag to the Yellow signal line. Remember, The Yellow line is the signal line that you follow for the current days reading. NOTE how today the market is prime for a modest pullback. The PulseScan Swing VIX Indicator is showing that for today the market has alot of downside room and could actually be gaining on downside momentum. Buying today could prove dangerous and costly!

This indicator has helped me stay ahead of the market and I have been able to capture much of the broader move with the help of this indicator. It is important to remember that the Yellow line often will lead the market 3-5 days out! So you need confirmation with the daily price action. I have found that although The PulseScan Swing Vix Indicator is an awsome stand alone indicator it works even better when used with MACD, ADX, and price action. As a trend following indicator its the best I've ever seen. It has been able to predict major turning points in the Major indicies.

I think that you will find it most helpful when used in conjunction to what ever you use now.

p.s. do any of you all watch CNBC, follow the Turtles Trend Following techniques or follow Linda B. Raschke?
 
abhay: I don't mean to be a smart-alec, but your charts seem to point directly opposite the market.

Is it possible that you have inadvertently posted the charts upside down?
 
Quote from Tea:

abhay: I don't mean to be a smart-alec, but your charts seem to point directly opposite the market.

Is it possible that you have inadvertently posted the charts upside down?
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:D

-FastTrader
 
The charts of the DJ/SP/ND so far are mostly just down to sideways chop. I suppose you might be able to claim to see any correlation you wanted to in the noise at a micro-level with a little fudging.
 
Quote from abhay:

Hi,

Will I have to waste all my time to show you guys how to watch and compare the charts ????

Question :

1. What do you see between 10 and 11 AM on forecast ??

Does the chart look curved DOWN ???


2. What does the Forecast look like from 11:10 AM ??

Does the chart look like bouncing from there ???


It does not mean I can't be wrong on any other signal about to come... But this is the picture so far...


Please see the real action in attachment.
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I think that the smaller the interval the greater the noise. The problem with short-term indicators is that most momentum/ divergence indicators are lagging the market by 3-5 bars intra-day. Sometimes the lag can be greater under heavy volume. The best result I have found is under Daily bars on MACD. Intra-day 5-minute Bars are excellent with 5,40,5. If you program your MACD to those parameters you will see a greater percentage of increase profits on positive and negative divergence. Stay away from Stochastics and RSI on intra-day price charting. Not only are these indicators horrible but it is my experience that the base indicators themselves are great if you know how to tweak them and use them in accordance to longer time periods. Unfortunately as stand alone indicators. Stochastics, and RSI divergence and the like are no good on smaller duration withen the shorter timeframe charting intra-day. Try the MACD with the 5,40,5 and you will see a dramatic difference. Don't ask me why but it just works out better that way. Long term indicators on shorter-term time frames work best.

:) :) :)
 
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