Do a diary!
Just so you can clear your thoughts about what your plans are. Probably include a general picture about when to get out of the position. (either a time or until it hits a certain price, or until a chart starts looking a certain way)
I've made some plans, and then forgot that I was going to do it a different way, and then regretted it.
When the market is moving fast and furious, you don't have enough time to process everything.
Hi Joe, I am trying to further understand Armstrong's timing array – thanks for posting it again.
ReplyDelete29 September
His Aggregate forecasts an up movement but the S&P Futures dropped continuously from midnight for the next 24 hours, dropping below the previous day's low – is this all due to the single bar on the Panic cycle?
I also see that Direction Change is highlighted but I thought that this meant a turning point was coming sometime over the next day or two.
30 September
What does the fuchsia colored bar on his Aggregate indicate?
Many thanks
The high bar was from the intraday high achieved that day. The rest I didnt' know at the time, but from there we could have guessed from the panic cycle, that it was also going to take out the previous low in the same day. That is usually what panic cycle means.
DeleteThe fushia bar (I think) means it's going in the opposite direction of the previous trend, which was UP. So today should be down I think. The initial gains could be explained by the overnight volatility bar.
I was not overly confident, so I'm sort of waiting / nibbling with a little money until I gain more confidence with the direction.
So short version - I think the fushia bar means down in this case.
Joe, your fuchsia view makes sense, thanks.
DeleteAlso, I now know that DB had a negative effect on the markets yesterday.
Armstrong writes that a panic cycle usually takes out a previous high or low. I guess and will watch to see if it acts to extend the day's trend beyond the previous high/low.
I have to use TV, I guess that ES now (2hrs into trading) suggests a direction change to up. Looking at the timing array, there could then be a good drop today. If you are correct, then the panic cycle on Monday could induce quite a drop between today's high and Monday morning?
I have to thank you for some tips, eg O, JJC...
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ReplyDeleteWhere did you find this latest array?
ReplyDeleteI have been looking all over his site without success.
Thanks!
Joe's archive:
ReplyDelete'I think I've pieced the timing array together'
Joe's archive:
ReplyDelete'I think I've pieced the timing array together'