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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Compadre who wrote (13955)5/14/1999 3:05:00 PM
From: Michael Watkins  Read Replies (1) of 99985
 
Jaime Choy: Too early to tell. DOW just reversed after hitting the 89 period Time Series Forecast (I don't use it to identify S/R but interesting just the same).

I use crosses of 34 and 89 period TSF for their predictive value. 34 crossed below 89 yesterday at 15:30 on the DOW. It has stayed below since ;)

EDIT: 34 period TSF crossed below 89 period (10 min chart) on SPX yesterday at 14:30. Showing similar pattern to DOW today.

Currently 34 TSF is upturned towards 89 but it looks to be 4-6 time periods away (10 min chart) and no guarantee it will cross back above.

FWIW.
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