Look at todayâs ES (7/15/09) TCT chart that was provided yesterday evening and what actually happened in the ES today (7/15/09)
Today the market followed the B Chart:
Look at what actually occurred in the ES between 1000 and 1140
Now look at the TCT chart for the ES today (7/15/09) for that same time period.
Same market look at what actually occurred in the ES between 1145 and 1320. The market moved lower to sideways
Look at the what the ES TCT chart (7/15/09) was saying for that time line, it looked like a drastic sell off would occur, only if you were looking at it from an amplitude standpoint. Read all the information and youâll see why you shouldnât do that. But then look at what happened at 1230, the market did pop up.
Now look at what the TCT chart was saying would happen in the ES between 1245 and 1530.
Then look at what actually happened in the ES between 1325 and 1515
Remember; do not look at the segments of data points as a measurement of amplitude, as it is a matter of FORM, TREND or DIRECTION of the market over the general time line.
More commentary and information will be provided over time.
These charts are prepared the night before. Below are the charts for 7/16/09
Comments about the forecasts will be made on occasion. These forecasts are being posted the day before they occur. Check the times of the previous post. You are encouraged to download the previous forecasts and look at the actual price charts over the general time line for the given date of the forecast. Todayâs post (Wednesday July 15, 2009 is for Thursday July 16, 2009) and will allow you to follow along in real time on the date of the forecast. Remember this can be done for any market or time frame.
By now, some of you realize that not only does the forecast provide you with the FORM, of the actual price chart of the intraday data, but also these forecasts provide you the TREND or DIRECTION of the market over a general time line. At the end of the day, you will see a reflection of the actual price chart that occurred in either the B or C chart.
Remember; do not look at the segments of data points as a measurement of amplitude, as it is a matter of FORM, TREND or DIRECTION of the market over the general time line. The following markets are included in the spreadsheet: ES (may be followed on 5min or 15min) US10min EuroFx10min CL10min GC10min
Interdim