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Re: [RT] Outside down day??? and SC analog revisited



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Now that was a nice call Ben!
 
----- Original Message -----
From: Ben
Sent: Wednesday, October 21, 2009 11:46 PM
Subject: RE: [RT] Outside down day??? and SC analog revisited

 

Jim

We did close probably under the low of the NYA hi day

And we did have  more down vol then up

But I think  we close up

Tomorrow

(after a lower low)

Ben


From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Jim Ross
Sent: Wednesday, October 21, 2009 3:43 PM
To: realtraders@yahoogroups.com
Subject: [RT] Outside down day??? and SC analog revisited

 

If it closes here the market made a new higher high and reversed to print a lower low than the previous day.  That would be interesting if it occurs.

As a note, I quick called the end of the 1929-1987 SC analog.  Everything Carolan did was based on end of day price without regard to lower or higher intraday prices.  He ignored some intraday highs and lows that did not mark the corresponding end of day print.  That?s consistent with the classic TA masters Dow, Edwards and Magee and others who believed the real players don?t take meaningful positions until the last hour of the day. 

Jim



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