Recent content by n6394p

Something I've been looking at recently is the double bottom formation in which the second bottom is higher than the first, or the double top formation in which the second top is lower than the first as a short term reversal sign in the $SPX or $OEX.. I'm curious as to what other people think...

why was most of the volume on puts and not calls?

I was watching the Yahoo option dragon, which can tell you which options have the most volume, on thursday and noticed that although the market was moving up the vast majority of volume was on the side of qqqq puts. And of cource we know what happened friday. Is this a reliable indicator?

Prophet.net's description Fibonacci and Gann Projections The system attempts to predict future turning points, pivots or valleys. These turning points are found by applying Fibonacci ratios to the swings. Time predictions are based on the zigzag indicator and Fibonacci ratios, as well as Gann...

There are three inputs: Wave%, Gann inc value, and Gann increments. Unless you change them they are set to 5, .25, 2. I've been trading it on paper for a few days using the 15 min chart of the $NDX and so far it seems to work well. It had me short all of Monday and long as of 10:09 tuesday...

Here is a 15 min chart of the $NDX, you can see on the far right the line is now pointed upward, I would interpret as a long signal.

Not so easy If I did you would think the tool was absolutely perfect, because the tool re-draws itself to make it look that way. In other words when you re-fresh a line that you had seen pointing up or down might no longer exist.

This is one of the many studies available on the premium Java Charts at prophet.net. I've had trouble finding information about this study and wonder if anyone knows anything about how it should be used. When applied to a chart it simply looks like a trend line.