|
PureBytes Links
Trading Reference Links
|
I'll send the spx daily from 95 in
ascii over the weekend, Don.
dr
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Thompson
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 25, 2001 11:59 AM
Subject: Re: [RT] some thoughts on NASDAQ
today
Don,
To my spreadsheet is kind of a monster.
Holds Futures OHLC, NYSE Breadth,Closing tic, NH, NL, Calculates 5 day
MOM of close, Trin, 5 day sum of trin.
Typically I am only concerned about the last
three days, on a closing basis, and reletive high-low. The goal is not
to get 50 to 100 hits, but more on the
order of 10 to 15, anymore is too wide. Then you
just... look to see what happened in the past. :) The key thing is that
it is doable. I think I have said that
if an 80% er comes up one pays very close
attention to it.
If anyone has the S&P Cash closes for the
last 4 years in ascii, I'd love to have it..
Best Regares
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Roos
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 25, 2001 11:57
AM
Subject: Re: [RT] some thoughts on
NASDAQ today
Hi, Don. No, we don't use
the previous day's HL to determine direction, but yesterdays HL is
important as well as the day of week. Take a look at Gary Fritz's
indicator on day of week %. One could even develop a useful system we
call the "stupid system" that uses the day of week bias alone and a very
large stop to be profitable.
How do you do your analysis on the gap
down odds making?
Bob, you may still get your up
day. Like Haytham says, he does not regard anything before 10 eastern
as being very important in the overall trend. However, we seem to be
oscillating around the market's "steel pipe" 10d ma lately. It will
certainly be nice whenever we get a breakout of the low atr
doldrums.
dr
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Thompson
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 25, 2001 10:01
AM
Subject: Re: [RT] some thoughts on
NASDAQ today
Don,
I have a penchant for plumbing the history, I
have never gotten into analasis of day of week. It always seemed to
me that the previous continum correlated more with the probabilitiy of
what might happen more than the day of the week. The query I did
last night showed a 14% chance of a higher close SnP500 if there was a gap
down open.
What you are saying, since you listed the
Friday statistic first, is that day of week is a prime factor in
determining direction for the day.
So, in analyzing for Day, do you also sort on
prevous day's action? Like if Wednesday is up Thursday is up, leads
to a 60% of a drop on Friday?
Best Regards,
Don Thompson
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Roos
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 25, 2001 3:28
AM
Subject: Re: [RT] some thoughts on
NASDAQ today
Haytham:
Thank you for the pictures and
continuing analysis.
I am wondering if your scenario is
in danger, however.
First of all, tomorrow is Friday,
of course, which is the worst day of the week by far with the spoos
having a -7.4% down for the year so far (intraday trading only, not
counting gaps) and the total of all days is -5.5% down. So, Friday
has more than all of the intraday downmove total for the year. The
fact that we have lower lows today versus yesterday in both the spx and
the ndx is not reasurring.
Sitting near the top of the
wide Keltner fib channel with atr near prior swing lows is not
reasurring for immediate new highs in the spoos. If the cluster of
fib supports at the 1280.6 March 8th high were to give away tomorrow
morning, a significant retracement could be seen as atr expansion to the
downside occurs. The fact that VIX sits at 23 on the daily
corresponds rather closely to the approximately 4 mo cycle of vix lows
and swing highs.
Just an alternative opinion.
As a daytrader, these kind of projections are only useful to me as a
roadmap, but as for the open tomorrow, I am looking to go
short.
Best regards,
Don
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=H.Albizem@xxxxxxxxxxxxxxxx
href="mailto:H.Albizem@xxxxxxxxxxxxxxxx";>Haytham Albizem
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>Realtraders
Sent: Thursday, May 24, 2001 8:51
PM
Subject: [RT] some thoughts on
NASDAQ today
Some comments on the gif
pictures.
HaythamTo
unsubscribe from this group, send an email to:<A
href="mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx";>realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of
Service. To unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of
Service. To unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
Get $45 in Coupons Now!
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|