'No indicators' revisited

[2468steve]

skim,
What setting are you using? I was looking for an outside reversal today,which according to my charts didn't occur.We had a low on 31/12 of 10382, today just touched above this for a low of 10384.Are my charts correct??
An outside reversal would have been an even stronger signal??

thanks

 

[2468steve]

skim,
sorry,just to add,iwas looking at a 6mnth daily chart.

cheers

 

[2468steve]

skim,
just looked again at your chart.The bar before todays doesn't appear to show that drop to 10382 on New Years Eve.Am i missing something?

 

[Skimbleshanks]

Not sure steve. The daily chart on Qcharts was missing data (the holidays tend to screw it up for a day or so), so I used the data from TC2000. I updated it just before I posted the chart.

The TC2000 data/chart may be incorrect, in which case I take back all I said in the post! LOL

Just wound Qcharts up again, and the daily data for INDU is as follows:

 

[2468steve]

 

[ChartMan]

Skim, may a thousand mice desend upon your head..... You have transgressed to the light side. Shame on you. You have dared to show a 4 slope change using trend lines, signalling a possible end of the rally.... So Shall I post the ND PD top bottom on today's action to really rub it in?
Sorry, I forgot. I am on holiday, so I can't. :cheesy:

 

[Skimbleshanks]

LOL

I knew that would get you out of hiding. :cheesy:

I actually saw this by eye, but decided to put trendlines on to show - notice though that my description was messy, which just goes to show how infrequently I use it.

As a320 said, you're definitely lurking here more than you used to! Nuff said? LOL

 

[2468steve]

oops...this is getting personal...lite side,dark side...i'm outta here

 

[Skimbleshanks]

steve - I think it must be because I'm showing INDU, and you're showing DJI.

This is my Qcharts daily data for DJI (the one above is INDU): Note the data holes!

 

[a320]

Chartman is a very frequent visitor :cheesy:

Here an example of underbalancing corrections..always a good sign for continuation in a multiple wave set
I haven't included the fib's of the corrections to keep it straight forward for now

ES04H 5min

CJ

Same colour as the mods now :cheesy:

 

[Bigbusiness]

Steve,

I think the high and low on the bigcharts chart is calculated using the old method of taking the actual high and low of all the stocks to make a theoretical high and low for the day. This makes the highs higher and the lows lower than we see on most charts.

I just ignore bigcharts and if you want another free chart, this one is quite good. It is delayed so it is not up to date at the close:-

http://tinyurl.com/293yy

 

[ChartMan]

No such holes with Sierra/MyTrack... OHLC too I feel the force of the dark side.....nearly :cheesy:

 

[2468steve]

BB,CM,Skim
many thanks.....looks like i need to revise my chart sources..any suggestions??.....no wonder my pivot levels were out of sync when i used Bigcharts OHLC info....

cheers

 

[2468steve]

CM,Skim
from your charts we have now had an outside reversal ??

cheers

 

[oatman]

Was that what's known as a Key Reversal or is that something else :?:

 

[Bigbusiness]

Steve,

This is about the best free chart I have found:-

http://fast.quote.com/fq/cts/livechart.html?symbols=&wd=900&ht=500

 

[spoon102]

Sorry having trouble posting charts. Will post later.

 

[2468steve]

BB,
many thanks.I did use that site previously but it had the habit of freezing with other applets open.Perhaps I won't open so many in future.

Oatman,
going by the charts posted by Skim and CM yesterday was a key reversal down.The definition is taking out the previous days high,then close below the previous days low.On a couple of data sources though i'm still getting a low on 31/12 of 10382,which if correct invalidates this,as yesterdays low appears to be 10384.


cheers

 

[Bigbusiness]

I make the low on the 31/12/03, 10,407.

Some of the data providers use the old way of working out the high and low(using the high and low of each stock).

I use this one and the data matches my charts:-

http://www.eoddata.com/Quote.asp?e=INDEX&s=DJI

 

[2468steve]

BB ,
what do you have as the high on 31/12

cheers