You could. We would all appreciate it, you know the instrument more than the rest of us.
Ghost of If You Can Draw A Straight Line
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You could. We would all appreciate it, you know the instrument more than the rest of us.
I've posted two versions of a weekly look. I believe the one with the smaller red channel was one you illustrated a while back. I think you've switched to the bigger one now. Can you post a weekly at some point just so I know I'm looking at this right?
Monthly view - if I'm doing this right it puts the whole thing in a different perspective.
Edit - so it looks like 3400 is the weekly mean and 3310 is the monthly mean.
Edit - so it looks like 3400 is the weekly mean and 3310 is the monthly mean.
Your second is what I have. I guess we'll find out via price behavior which one is correct if and when price gets there.
It's also worth noting that a 10% correction would take us to 3366.
Edit: I've added the "top" appendix to the SLA-AMT and have uploaded it. Just use the link you have.
I have my models, so I was just curious to know the direction going forward for Nasdaq-100 and how the methods would do for ES. A forum is a place to exchange ideas/thoughts/etc, so I thought I better write a question rather than keeping it in my mind.
Best to you in trading and in life in general!
. I was thinking of a Long/short/sideline type of answer, but thank you for the detailed answer. There are three charts in there, and the lines seem to be at an intersection. I was wondering which line it would follow, and when would one know.
I could tell you, but then you'd want an explanation. It's easier to just read the material. It's only about three pages without the charts.
I'll play. I've never studied the ES and this took me about 5 minutes and I've been drinking a little. Take it for what its worth.
You may notice that on the the monthly chart price never makes any progress above the mean of the teal channel. On the weekly this is "corrected" by moving the top of the channel down so that the last two year's worth of data has a useful mean.
. In general you are correct, but in this particular case I was really interested only in the telling. I would also like to add that I show up here from time to time because I like your writing and the posts of others. Not many people can write well like you do. In addition, a number of the quotes you shared in your posts are truly excellent!
Good work! Thanks.
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