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>
> NW:...
>. An indication of a good bottom in commodites
> could have wide spread ramifiactions for all the financial markets,
> i.e. so much for the no inflation scenario. Anyway, I find this
> approach a fairly low stress way to trade, but it is only part of the
> picture. . Well, that should save you about two years of study. <G>
>
> Regards,
>
> Norman
I think Norman has got something there - at least "My Wife Indicator" tells
me something is up!
And I am not kidding - those of you who own Super Traders Almanac" are
probably aware of the dates of high and low in the Astro- and
Pesavento-index posted on daily and weekly basis and how these points
coincide with highs/lows (85%) and breakouts(15%) in markets. Especially
stocks and bonds.
Well, sometime ago I found that my wife also reacts to these indexes - the
higher the index, the more "interesting" and "intense" our discussions get
and most of all, the more emotional it gets. The energy has a free flow!
Just like at turningpoints and break outs in the markets!
So whenever I see "My Wife Indicator" changing colour I check my
Supertraders Almanac. And boy - do we have a trend change comming!!!!
Next week the Pesavento Weekly Index reads 65, which is the highest of the
year (I knew that last week....), we have minor astrodays on thursday and
friday, with many interesting planetary aspects. Thursday has a daily
Pesavento index of 15 with 16 being the highest (But 15 beeing enough to
change trends in the markets) and Saturday is Vernal Equinox when day and
night is equal in length and winter changes to spring (which is a time when
important trendchanges often takes place). New moon wednesday which also
sometimes coincides with new trends.
Statistically 11/3 have been the day of the year that have recorded most
lows(according to the Almanac), which indicates a turning point in T-Bonds.
Since we have a fib support at 119.16-119.20, this could very well be true.
But on the other hand Seasonally, 3/15-4/15, T-Bonds have been trending
downwards (according to the Almanac).
And look at the red dots in the chart, they indicate "Gann Pullbacks"(GP) -
a built in function in DT, and the GP indicates a good point to go short,
hence hight probabillity for the downward trend to continue.
Furthermore, the downside breakout of the falling wedge (a falling wedge
usually indicating a breakout upside and rising prices) indicates a
continued downward trend, since these breakouts "on the wrong side" often
coincide with powerful movements in the direction of the break out. (Oddly
enough this fact have not been covered in any text book I have seen - which
is perhaps why it works so well).
Timewise we have a good case for a small top where we are now (look at the
fib time relationsships in the GIF.)
Depending on how you read the Stochastic RSI you can see a bullish
divergence indicating a turningpoint (2 last bottoms - higher LOWS in
indicator while lower LOWS in price) or if you are into hidden divergences
you will see a continuation in the trend because (we see 2 higher HIGHS in
the indicator while in price we see lower HIGHS).
So we have a very good bullish and bearish scenario and "My Wife Indicator"
suggests that we will find out which way we will go next week. So I suggest
that you find a good entry point (don't forget the stop) to catch the move
- looking at the Open Interest, we find that it has been falling by 50%
since august (From 1.138.994 to Thu 654.496) a fall by almost 500.000
contracts so the move could be VERY tradable.
Well, we could probably find some more for and against, I just know that
something is up - My Wife just told me so...
regards
Stig
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