Nasdaq cycles.

[cnms2]

Quote from Walther:
Well, instead of a gap down opening we got quick decline and then nice runup. Watch the action around 11;15 and 11:50est.

Walther,
What theory are you basing your cycle analysis on? Where could I find something about it to read? Thanks.

 

[Walther]

I have my own methods, basic math and some complicated geometry.
Watch for important( tradable) price level to be established around 13:20est today and around noon tomorrow.

 

[Walther]

We had a daily high at 12:15est as predicted one day ahead. There is something about these cycles.

 

[THERUDEBOY]

Has the Nas got anything left? If it has it won't be much. It's looking ripe for big downtrend. Get your shorts on!

 

[SethArb]

walther

I know someone who posts elsewhere about cycles
and "change of direction" points etc but he usually
gives a few days either way and even if he is right more often than not ... is hard for me to think a short term trader could follow his signals

if your #'s short term or time of day turning points
do work more often than not ... perhaps filtering them with other short term indicators might
give you an edge that others do not have

good luck ...

 

[cnms2]

Quote from Walther:

We had a daily high at 12:15est as predicted one day ahead. There is something about these cycles.

Amazing! Could you post a picture showing how to draw trendlines through these points? Also, you mentioned using some complicated geometry, could you be more specific? Is it completely your discovery or you developed it from another source?

 

[Walther]

Quote from THERUDEBOY:

Has the Nas got anything left? If it has it won't be much. It's looking ripe for big downtrend. Get your shorts on!

You might be right, but i really do not care that much where it will go I know when it will , most likely, turn and do not worry about direction too much.

 

[Walther]

Quote from SethArb:

walther

I know someone who posts elsewhere about cycles
and "change of direction" points etc but he usually
gives a few days either way and even if he is right more often than not ... is hard for me to think a short term trader could follow his signals

if your #'s short term or time of day turning points
do work more often than not ... perhaps filtering them with other short term indicators might
give you an edge that others do not have

good luck ...

You are right, I use dailies just for a rough idea of a magnitude of a turn, then go to lower timeframes.

I have already developed bunch of confirming methods.
Thanks.

 

[Walther]

Quote from cnms2:

Amazing! Could you post a picture showing how to draw trendlines through these points? Also, you mentioned using some complicated geometry, could you be more specific? Is it completely your discovery or you developed it from another source?

Just draw horizontal trendlines at the price extreme closest to posted time.
As far as geometry goes it is my original use of geometry to time turning points and set useful price levels.
What is great about geometric method is that one can use it on any volatile market without adjusting anything which is a major problem with numerical systems.

 

[paperboy]

Walther, congratulations. Your 1618 post!