I1 peaks either Thursday or Friday, favoring Friday. The market may make it that long without taking out support. Here is I1 extending to Christmas.
20101001 19.4164
20101004 19.8343
20101005 20.45848
20101006 20.9075
20101007 21.40699
20101008 21.63835
20101011 19.81698
20101012 17.54623
20101013 13.80057
20101014 9.866532
20101015 6.519855
20101018 3.461369
20101019 .8808112
20101020 -1.812707
20101021 -3.515924
20101022 -5.542804
20101025 -5.851898
20101026 -6.125878
20101027 -6.012274
20101028 -4.553634
20101029 -2.946923
20101101 -1.03009
20101102 .8301654
20101103 2.709498
20101104 4.524597
20101105 5.372238
20101108 5.060921
20101109 4.439075
20101110 2.793315
20101111 .785111
20101112 -.7620888
20101115 -1.673297
20101116 -1.97909
20101117 -2.243465
20101118 -2.670697
20101119 -1.940198
20101122 -.4583645
20101123 .8304453
20101124 2.523243
20101125 4.118955
20101126 5.96884
20101129 8.300858
20101130 9.911625
20101201 11.37165
20101202 12.79749
20101203 13.61196
20101206 13.86173
20101207 12.77042
20101208 11.88531
20101209 10.98693
20101210 9.50034
20101213 7.620538
20101214 5.351872
20101215 3.830426
20101216 2.548973
20101217 1.30961
20101220 1.062204
20101221 .8301926
20101222 1.869141
20101223 3.425628
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Hi Steve, I created a 5' chart with a MA380 template with dotted channel lines above and below the MA line following the percentage you advise in your rules.
ReplyDeleteCAC40 futures had dropped BELOW the lower percent line since the end of Friday's session and has stayed there thus for several hours. I was amazed how this line has now become resistance: the price tried to break above the line a first time this morning in Europe and was just pushed away at the exact line level, which line is now accelerating its downside slope. Then there was another attempt to break this line just few minutes ago during US markets opening: this time prices broke the lower 380 lower channel line but then it touched the MA 15' 54 periods and...promptly retreated. During those events the MA channels continue to slope downward...
Your research is decidely fascinating!
http://screencast.com/t/Nzk4Y2Yy
(note: this index broke down a big diamond top pattern last Friday...)
Carl
Hey chief what does on that mean...How about in laymans terms..It looks like writing @ puma punku
ReplyDelete