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So
what would you give for a
price indicator that showed the turning point low of
each signficant move?
Our favourite
indicator (and this is why it is our favourite) gave us fanstatic price levels
where the falls would end. I am not suggesting that it was tick perfect but in
markets where we have seen combined swings of nearly 5,000 Dow points in one
day (using a 15 minute chart to measure the moves), this has been
spectacular.
On Friday
October 10th 2008 the Dow was expected to open down 400 points. Within minutes it
was down almost 700.
Our indicator,
which was calculated before the cash market opened, said that any test in the
first 30 minutes should find strong support on the futures market at 7864. The
previous day this indicator had been tested 3 times and it was only out by a
maximum of 12 points on each occasion. This was on a day when we had a 929
point range. Just think about that for a moment. A forecast with a tiny
error of just 12 points on a move of over 900 points. Now, what
would happen on this panic opening?
The cash and futures market crashed lower and lower, second by
second. Down 400, Down 450, Down 500, Down 600, Down nearly 700 points (even
more on the futures).
And
then suddenly it stopped and the market bounced and bounced very
hard. 50 points up from
the low, 100 points, 200 points, 500 points..... 800 points....inside
35 minutes.
Our
indicator said a low should come very close to 7864. The actual futures low was
7878, just 14 points away from the start of an 800 point - 35
minute rally. These incredibly accurate forecasts are not luck and at my
workshop I will explain exactly why.
I have
something very special to offer you - Don't miss
out
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