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Realtraders, here is something I have been playing with to detect intraday
turning points. Was just wondering if anyone else has done any work along
these lines. The thought was to look for a spike in the difference between
the theroretical and real highs and lows of the INDUI and INDU. If the mkt
has been in an uptrend making new highs for the day then it seemed like at
the turning point there would be an out of "range" spike. Likewise if the
trend has been down and making new lows for the day. Feedback appreciated.
Thanks,
BobR
http://www.oextrader.com/momentum/momentum.htm
Attachment Converted: "c:\eudora\attach\INDUI-INDU.gif"
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