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Perhaps this chart will leave you breathless.
Just thought this might be something to check out. Its been said that the
Low or High of the day is made in the first hour of the day so it occurred
to me to throw an Andrews on a one day view. The Midpoint tool I use starts
at midnight and follows the intraday high and low and then partitions the
range with a dynamic midpoint and fib or gann ratios. So it naturally
occurred to me to plant an Andrews on a one day view using midnight as point
A and the first hour low or high as point B and then the next appropriate
high or low as point C which on the attached chart is at the end of the
first hour. It does make an interesting picture that might justify some
further examination on "backtests" and forward tests.
bobr
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