Last week's Volume Oscillator for reference
2/14 = 142/15 = 1
2/16 = 18
2/17 = 28
2/18 = 19
This week's VO
2/22 = -42
2/23 = -61
2/24 = -66
2/25 = -26
This post will be updated nightly throughout the week, so check back periodically for new information.
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Posts
Parker...
ReplyDeleteI track Terry's VO and his ADO...It seems that the ADO bounced off off the "0" line again as it did on Jan 21st and Jan 30th...This seems to occur often...
Hi JustSignals
ReplyDeleteYou're right.
Personally, I expect the volume oscillator to climb back up to the zero line next week and then roll over as we get the meat of the correction.
Parker...
ReplyDeleteYes...the zero line acts as a ceiling and a floor very often...Your expectations, probably based on your MFT, seems to agree with the cycle composite that I have been using lately...That is a CIT around 3/7 +/- (top) and a sell off into late March early April...Then a rally into early May...If the market does follow this pattern, I would expect the rally into early May to be a good sucker rally...
DOW...........
ReplyDeleteMy Gann work would suggest an ABC down move starting the beginning of March, ending in mid March.
WHere I differ is that the rally that comes after it will be strong and relentless into a final top! A very tradable move up!
Grains.......expecting the high to come out.
Bonds.......looking for a high in here.
Metals........down the rest of the year.
Good trading!
DOW........
ReplyDeleteI have the strong portion of the rally not starting until the first week of April....leaving most behind! Good trading!
J...
ReplyDeleteYou learned a lot from Dan F.
Which of his works did you like the best?
JustSignals
ReplyDeleteI really like all of them, BUT the problem is unless one understands Gann's original course work, Dan's are not very hepful in "real time trading". they just become "after the fact" interesting! He states that in his early work by saying " you still have to be able to trade". Gann's original course work are the key to time..........but then one must have filters to identify inversions or you will get burnt, like deer in the headlights! Good trading and I enjoy your blog!
In reality TTheory is Gann's squaring and box......without all the confusion to get to the outcome...........that is why I like Parker's take on things.....he has the attorney type directness! lol
ReplyDeleteTerry's chart has the wrong data for Feb 25th, it should be as you have stated in your weekly oscillator readings above, however it is NOT plotted as such on his chart. The accumulation line is drawn at a steep gradient, when it is much more horizontal if plotted correctly.
ReplyDeleteThe above comment should have read the 23rd and 24th of February, NOT the 25th!
ReplyDeleteJ...
ReplyDeleteThx for the feedback...I learned years ago that cycles can guide you in changes in trend...Not always in amplitude or direction...
Thx for the blog comment too...
Re: Inversions...have you read JM Hurst? Heard that some have used his work to assist and identify inversions...
Just………
ReplyDeleteIf you are in the master cycle of a market and you track it correctly to the present part of the cycle, amplitude is detectable in a ratio form of the present price! I always look to have the proper direction or I would not use cycles at all, if that was not possible. If I have the wrong direction I am in the wrong part of the cycle. Time gives one a problem in small cycles but really I keep my eye and trades on the longer cycle and the swing and day trade against them. But as I stated one needs filters if he is doing time work and he needs not to get to focused on the cycle so he does not get mesmerized …by staying in front of the technical and price squaring and the other eye on time the picture is usually clear or will clear up in time.
Yes I am familiar with Hurst and use his channels on Multi Charts……for me I like them the best of any! I gave them to a friend also and he is hooked! They seem to be the easiest of all to mesh into a persons own style no matter what it is……as we all know tuning in to ones own style is the key because in the end all geometry get to the same place at the turns! Good trading and I miss seeing your astro work!
Just........
ReplyDeleteI see what your referring to.......it seems you do more CIT dates and turns.........I really do more cycle work where I am looking at the cycles out as far as I need when I have the master cycle identified…………there are many ways to do CIT’s as they are static. I am more interested in the a map in front of me so I know when to trade and when the larger part of the waves are present! Good trading!
J... good conversation !
ReplyDeleteYes, "Time" is more important than price...Because when time is up, time is up...The key is using the correct staring point for the cycle or cycles...
Yes...don't get mesmerized...a very bad habit...
Inversions...astro cycles seem to forecast better than static cycles...get inversions with the static cycles...an ephemeris can help in finding aspects...the universal clock gives the exact time...static cycles give a nominal or unadjusted time cycle...also works of Ray Merriman can help...Also I noted that long term cycles tend to have less inversions than short term cycles...This seems to be true for both astro cycles and static cycles...
To increase your cycles success you may apply a Bartels test...
Yes...I do more CIT with the composite cycle, but, do review the individual cycles as well since they do give additional worth while information...
Yes...having that map with foresight is a big plus and better when used with a filter...
To sum it up...........
ReplyDeleteOne generation passeth away and
Another cometh, but the earth abideth
forever. The sun also ariseth and the
Sun goeth down and haseth to his place
where he arose. The wind goeth toward
the south and turneth about unto the north;
it wirleth about continually and the wind
returneth again………………………….
THE THING THAT HATH BEEN, IT IS
WHICH SHALL BE; AND THAT WHICH
IS DONE IS THAT WHICH SHALL BE
DONE; AND THERE IS NO NEW THING
UNDER THE SUN.
Thanks for the comments all. Personally, I'm looking for a top to short this week. Based on several projection different methods, I expect any correction we get to end in mid to late March.
ReplyDeleteParker,
ReplyDeleteDo you have a particular level you are watching on the S&P? Also, you mentioned a week ago that you were waiting to see where gold is heading. Do you have a better sense after last week?
j -- in one of your comments you have metals down for rest of the year .. any specific reason? for summer sp rally it seems dollar has to sunk and then why metals won't rise?
ReplyDeleteYash...........
ReplyDeleteI look at every market individually and do my cycle work accordingly, more work but some times market flow together, some not. ……………..In the metals my master cycle is down for the year and the only thing that would change that is an inversion! If this top holds the cycle is right on time………..I am trading it in that manner! Good trading!