Kind Words from Terry Laundry, Founder of T Theory

"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010

"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010

"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201

"Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.

Tuesday, February 15, 2011

$$ More Fun with Point & Figure

So I wondered what the S&P P&F price target was back in early April 2010 before the April 26 climax.  Turns out, if you draw a daily P&F chart using 3.8 points per box, you connect the March 2009 low with the February 2010 low.  This matches the 1x1 P&F trend line to the dominant trend support line at the time.

The P&F price target was 1330.  We failed to reach that target of course, but I find it interesting that we are encountering a bunch of resistance at 1330 recently.

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7 comments:

  1. UnknownFebruary 15, 2011 at 1:23 PM

    Intel Forms Bearish Harami Near Resistance

    http://blogs.stockcharts.com/dont_ignore_this_chart/2011/02/intel-forms-bearish-harami-near-resistance-intc-candlestick-reversal-pattern.html

    ReplyDelete
  2. UnknownFebruary 15, 2011 at 1:29 PM

    Looks like we may be headed for an unusual sunspot activity.

    http://news.blogs.cnn.com/2011/02/15/sun-has-biggest-solar-flare-of-the-year/?hpt=T2

    http://science.nasa.gov/science-news/science-at-nasa/2008/10jan_solarcycle24/

    http://solarscience.msfc.nasa.gov/predict.shtml

    Does anyone know how sunspot cycles correlate with market activity?
    My best guess is that it marks the start of a bear market. Can anyone confirm? Any experts out there?

    ReplyDelete
  3. FredFebruary 15, 2011 at 2:29 PM

    Charles Nenner watches them closes and I am pretty confident he views excessive sun spot activity as bearish the stock market.

    ReplyDelete
  4. UnknownFebruary 15, 2011 at 5:15 PM

    Parker, 1330 is the 2X point from the 667 low. Another reason for the resistance. All day long the ES tried but could not enter yesterday's value area.

    ReplyDelete
  5. joedFebruary 16, 2011 at 3:31 AM

    ES H1

    I talked of the 1333 price area for important resistance…….the night session has hit 1332.75! Any closing above will signal a test of 1342 with any closing below 1333 or failure showing a topping price formation! Good trading!

    ReplyDelete
  6. joedFebruary 16, 2011 at 11:24 AM

    ES H1

    Price tested and pierced the 1333 price area and now has failed ........very important PRICE ANS TIME! Closing below this Gann area very negative! GANN MASS PRESSURE CHART showin a topping here with a very choppy down move coming! Good trading!

    ReplyDelete
  7. Tim MackFebruary 16, 2011 at 12:37 PM

    Parker, if you like, send me an e mail and i will reply with a report you may find interesting


    tmacktrading@yahoo.com

    ReplyDelete

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