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ES-09-11-08


Lots of discussion about ticks yesterday.WEEKS ago, i pointed out a relationship that has ocurred with incredible accuracy over the last 5 years. Anytime the closing ticks on the nyse is above 800 a significant decline ensues within two trading days.last time , i noticed this i posted it i think aug. 15.Two days later we hit 1303.50 on the e- mini and slammed down about 40 points.Yesterday i noticed plus 853 near the close!I wish some one could backtest this as i have no capacity to do so. The accuracy seems incredible, but more study is needed to be sure.Im not even sure what we closed at on the ticks , but if it was above 800, look out below!
Joe - Right click on a QT chart and under "select indicators" in the lower indicators select "BAV trend". To get my set-up you'll need to link several BAV trend settings with a horizontal line. I choose trades of 50 or more contracts as the definition of big $ so you can set it any way you want.
selling one at 1234.25
just covered last contract at 33.50.......whew.....will post the reason that 24 was so powerful to me in a bit...
I agree Joe...If you are not trading as per the window rules in my pitbull thread then those are great fade points if you get something to confirm...
quote:
Originally posted by CharterJoe

Yep, very nice numbers to work with. Thanks Bruce. 2.5, 4, 5.5, 8, and sometimes 12. But IMHO i think that 5.5 and 8 are the best.

covering 1232.50
thought wed get alittle bounce off of yesterdays close , but i notice the spx cash and nas. are positive. bullish!
next stop 1241, weekly close?
a MP 80% rule is in effect to the 40.0 area (41 for Z contract)
Long @ 35 targeting singles on the weekly profile @ 45.5
Charter do you consider singles in MP similarly to gaps that will be filled?
By the way, Joe, theres going to another gap to be filled come Mon. lol!...stay tuned!