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Strategies & Market Trends : The Art of Investing
PICK 53.81-1.0%Jan 8 4:00 PM EST

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To: Sun Tzu who wrote (10404)10/28/2025 9:43:16 PM
From: Sun Tzu   of 10722
 
The stock market is fractal like, and so are my statistical models and tools.
Below is the one minute chart of CCJ today.
All the rules that I outlined for SGMT on the daily chart still apply.
For example you still buy on strength near the green line and sell on weakness near the red and the blue rail still acts as an interim stop.
The lower indicators still work the same as on the daily.

Everything is the same, just faster...and a little noisier.

This chart illustrates another point that I had not discussed before: Previous long stretches of rails often remain as valid support/resistance level.

You can put a straight edge on the screen and see this for yourself. Often the "staircase" pattern here is that one green rail is at the same level as the previous red rail.

This is not unlike a pattern that Q had realized with harmonic trading that stocks often returned to a failed pattern.

This is true for the daily charts too, but the dailies are often too far apart to see this pattern as clearly as can on intraday charts. Also, this effect is stronger for intraday charts than on daily charts because there is less chance of the fundamentals to have shifted during this period.


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