Market Map for Feb20Posted: February 20th, 2009
Author: Mike Korell Filed under: One-Day Market Map »
This chart represents some major changes in the algorithms. Problems associated to inversion, morning/afternoon accuracy variations, and timezone compensation have been addressed.
One thing to note is that the chart has been detrended. It reflects short-term moves, but not generally the overall direction of the day. I may change that in the future.
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Thanks Mike, interesting info and will look forward to seeing how it works (especially with the de-trending and potential future reintroduction of trending into it)!
And happy - Op-Ex - Friday everybody! Now we've gotten to the zone of various numbers projected - I don't need to repeat them all, you know them if you have been following the postings here, and they have been generated through various methods - Elliott Wave, Fibonacci, T Theory (and even a cross-reference to Goldman Sach's options strategy although that was probably based on similar techniques). Now that we're seeing this zone around 760 pay off for puts bought and calls sold into this options expiration Friday, what will be next? As always, that will make another great discussion point for this weekend! How you play all this depends on your style - whether you TMAR into the day, or set up other parameters for playing what may come next - in either direction. One thing is for certain, I cannot advise being complacent in either direction. So as always, be careful out there and happy trading all!
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