Augie, every time I look at one of those charts I feel like I'm on some head trip.
For openings, I look at stuff like this:
stockcharts.com[h,a]gaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
I believe the 15-minute is a good tool for opening direction. That's not to say it telegraphs what's going to happen, but if we open up or down, this chart indicates we've still got a bit more down to go (although not too much before a bounce, I believe).
The 60-minute charts can stay oversold for a day or more, so it is hard to gauge an opening based upon those charts.
The 30-minute also looks like it is going to cross over again with the slow and full stochs:
stockcharts.com[h,a]gaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
The 10-minute has a pretty tall inverted hammer on the 2nd to the last candle:
stockcharts.com[h,a]haclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G |
