Tuesday 1 March 2011

Mini Dow

This is the sort of basic market analysis when i see a top forming and the market unable to make new higher highs. Firstly add forks and then see how their Andrews, Schiff or mod Schiff ML's interact with market activity. In these three i have left out the RL's and just included the warning lines and the trigger lines. The trigger line from the fork in the 'controlling swing' has worked beautifully and twice...today being the second time. NOTE: see how in various time frames below the white trigger line varies/changes it's distance from our most recent high at 12291?Ever wondered why in some TF's the 'reaction' from a RL, WL, ML appears to be after the RL/ML/WL? I have a method (& it is not adjusting the scale to 1:1) which enables me to see where the true location of a line is in any TF upto & incl the 60min TF. This method will be shared by a video on this site (see last paragraph).








Then I add the grid(warning & reaction lines from the controlling swing) and you have a powerful tool showing you part of the price matrix.











I have made a great little (?300 MB) video on HG Copper and although out of date slightly it will be posted as a small SWF File on this blog later today/or tomorrow if i have enough time & can get my head round the tech stuff.

No comments:

Post a Comment