To: Nemer who wrote (35672 ) 2/27/1998 1:41:00 PM From: Patrick Slevin Read Replies (1) | Respond to of 58727
Too bad. About not being around to trade that is. I have a lot of data that I refer to on paper. Primarily charts from over the past year or so.....Very helpful to determine pattern time. I wish there was a way to store them as .gif files or something. The shelves will be getting very full. soon. I find they are pretty helpful but what interested me about your methodology was not the solar or lunar aspect. It's the factor of time. 99%+ of the traders I know or know of do not use time to get a feel for a trade. That's why I find it useful. For example, it 99% of the trading community is looking at charts for support and resistance of what use would it be, except for knowing the herd instinct at that point or points. Iread a quote from a CBOE OEX trader this morning....they don't use charts there, illegal. He said "most of the ships at the bottom of the sea, had wheel houses full of charts". I'm not going to touch that one. But timing can work well. Annoyed at myself for botching a winning trade this morning on the short side, I referred to recent charts showing similar patterns to today's and decided to get long at 12:15 EST and go flat before 1:10. Worked great. Bought at 12:14, sold at 1:03 made 390 points and Im back in the black for the day. Missed the low by 40 points at 12:07, missed the high by 70 points which was just after I went flat. The pain in the neck is the upkeep of this data. Your "big box" spewing out times had my curiosity aroused. For whatever it's worth, it's early in the pattern to go out a few hours, but from using the same pattern I tentatively show major turns at 2:00, 2:30, 2:45 (possibly, not certain) and 3:10 EST. I don't know if I shall stick around to play them, however.