Patrick,
Nice to hear from you, and thanks for the PREM analysis. It's a difficult indicator to monitor IMO, and my attempts to use MAs to see the trend have only been effective for seeing what HAS happened.
Re:Looking at your post you were bored with the spread indicator around 11:30 EST. From 10:40 thru 11:20 the indicator was making higher highs, higher lows. From that point on it made mostly lower highs, consistently lower lows until about 3:40.
The time from 10:20 to 12:00 that you mention is the best illustration I've seen so far of it's potential, and my post during that time certainly underscores my lack of perception regarding it's use. What is particularly valuable is that a clear series of lower lows and to a lesser extent lower highs was visible in advance of the turnaround beginning at 13:00. On further inspection, 13:50 to 14:40 shows the same higher lows and higher high pattern as a signal ending the price slide from 13:00 to 14:00.
I'll be watching PREM again tomorrow with renewed enthusiasm, looking for changes in trend signaling a reversal.
Esteban
BTW, I have always understood that PREM is only an aid, not a stand alone indicator, and am only looking to add it to my already formidable arsenal. (:>)
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