The SPX getting ripe on schedule, ahead of the next Gravity date:
Market Breadth Data******************************
Friday, May 30, 2008
Wednesday, May 28, 2008
Tuesday, May 27, 2008
Friday, May 23, 2008
Tuesday, May 20, 2008
Following Sunday's explanation, I hope it should be pretty clear how to use the data from the blog. I would only add, that the best turns occur when there is a confluence of factors: Gravity date, overbought/oversold barometer, and a market trading at support/resistance.
The data here should also be of use to those who follow closely correlated markets, such as the USD/JPY.
The data here should also be of use to those who follow closely correlated markets, such as the USD/JPY.
Sunday, May 18, 2008
905 SPX Points
That’s the result of mechanically applying the Gravity dates since January 2008.
But I can hear the skeptics say: “Wait a minute, you are pulling a fast one, 'a la Taylor' here. You can’t expect to always nail the top/bottom of the move.”
To which I reply: “Perfectly correct. So, let’s take a look of what happens if we apply the same mechanical system to buying the open/close.”
Then the result would be 401 points gained by buying at the open v. 461 points gained from buying at the close of the Gravity dates. Not too bad, considering that a buy and hold strategy would have lost 43 SPX points during the same period.
And that’s without even looking at the SPX barometer (the extreme swing readings marked above/below the high/low of the daily bar) or the support/resistance levels provided for in the numerous accompanying charts.
That’s the result of mechanically applying the Gravity dates since January 2008.
But I can hear the skeptics say: “Wait a minute, you are pulling a fast one, 'a la Taylor' here. You can’t expect to always nail the top/bottom of the move.”
To which I reply: “Perfectly correct. So, let’s take a look of what happens if we apply the same mechanical system to buying the open/close.”
Then the result would be 401 points gained by buying at the open v. 461 points gained from buying at the close of the Gravity dates. Not too bad, considering that a buy and hold strategy would have lost 43 SPX points during the same period.
And that’s without even looking at the SPX barometer (the extreme swing readings marked above/below the high/low of the daily bar) or the support/resistance levels provided for in the numerous accompanying charts.
Wednesday, May 14, 2008
Tuesday, May 13, 2008
Saturday, May 10, 2008
Tuesday, May 06, 2008
Friday, May 02, 2008
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