Hello Filippou,
Most analysts I've seen state they've found the
Bradley to have utility in determining times of likely CIT
but not for determining direction. If you've
found a way the Bradley can be used really for direction we'd
probably all love to hear about your
research.
The island reversal has seen a 4% increase in the
QQQ since. Not a lot but workable with leverage.
One thing I have been following closely is that
if you look at our 3/24/2000 SPX top we were within an acceptable
orb of a JS conjunction. If you look at
10/10/2002, our SPX bottom, you see that J & N both pulled around
square.
Looking currently you see S square the
conjunction, J in opposition to it, and N square the current J.
Such things can be slow to develop. Earlier I
mentioned a S cycle, effective over a century or two, that comes
in
around Aug. 21 or 22. With S being involved in
the larger configuration above, this could be a trigger releasing
all
that energy.
Someone else pointed out that Iran will be
issuing a response to the world with respect to its nuclear intentions
at
that time. My hope is that there is not a
concurrent terrorist attack involving illness or a malignant mutation of
the
bird flu.
More and more I find direction less important
than trade management, something Ben has alluded to as well.
Livermore said the important thing we locating
the point of maximum capitulation, not predicting direction. I've
found that the more I define lines in the sand in
both directions at an appropriate time the more money I
make.
Merriman is looking for a major top in a similar
timeframe to that above for entirely different reasons. As for
myself,
I'm looking for a tradeable move in either
direction because the market doesn't care what my expectations are
and
because I can make money in either direction, but
only if it moves.
A TA chart I posted ten days ago may
indicate topside is limited but if the top lines are crossed we could end up
crashing upwards instead. The line drawn from the
2000 tops may be a good indicator of whether or not we are in
a bull market going forward or something entirely
different.
Cheers,
Darrin
----- Original Message -----
Sent: Tuesday, July 25, 2006 6:01
AM
Subject: Re: [astrofin] NASDAQ
Dear Darrin,
23/7 was marked by Bradley as a
top
So why not have a classical
inversion...???
Regards,
F.G.
----- Original Message -----
Sent: Tuesday, July 25, 2006 9:13
AM
Subject: [astrofin] NASDAQ
Someone on another board (Dusant) pointed out
what by the criteria of some may be an island reversal
in the QQQQ. Such a signal is usually seen on
short term charts as indicative of a reversal of at least
short
term duration.
Cheers,
Darrin
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