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koolblue
Rep: 48,651
Posts: 16,032
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!
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CharterJoe
Rep: 4,475
Posts: 2,352
ES really getting a nice lift off that pivot. I am going to short @ 1217.25
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CharterJoe
Rep: 4,475
Posts: 2,352
Notice on the last bar the two fork lines crossed at the close and the markets closed right on this point. I was reading that when this happens you can expect a gap in the direction of the prevailing fork. Should have said something before hand and shorted, I'll try harder next time.
