Markets

[gassah 10]

, since the POC can move as the range after the flagpole builds out. Is the calculation basically only performed at any one given point in time?

snowbird

 

snowbird,

 

Right, the POC can move and vary with the buy points.

[gassah 10]

Following the spring and acceptance above the PBZ the minimal target is the PSZ (911-935) for the SP500. Nestled in the PSZ is the weekly line turn (918) and a MIDAS dropped from the high of 9/2. As Ray stated in the webinar, how it behaves at these resistances will provide clues as to whether it will stay in the range or breakout.

 

Rob

[gassah 10]

Oops, the high of the range should be where the PSZ starts or 944, so expand it a little on the chart.

[gassah 10]

The corrected chart.

[gassah 10]

At the spring the Market Profile Advance Warning (MPAW) cause tool only had a value of 0.19, so I assume this suggests more work needs to be done in the range.

 

Rob

[gassah 10]

The 78m SPY chart appears to be in limbo without acceptance above the range confirming the uptrend, and without triggering the upthrust by re-entering congestion with conviction. The top 1/8 of the range is nicely delineating a rejection zone that if penetrated convincingly should lead to a test of the range bottom.

 

Rob

[gassah 10]

USDCAD has reached the PBZ allowing removal of the 2nd third position. There's enough cause (>0.4) to support a breakdown so the final third will be held hoping that will occur. If it can breakdown and retrace, a full position can be re-established.

 

Rob

[Sainttjames 10]

Hi Rob,

 

Just wondering from where you obtained the IPM of 50....from your chart it would seem to be 20 or 21? Unless you started the count from an earlier point?

 

My bad Rob...I think I understand the count now...cheers!

 

Thanks,

James

Edited May 16, 2009 by Sainttjames

[gassah 10]

Yes, the count begins beneath the profile colors.

 

Rob

[gassah 10]

A few indexes with sell signals as they accepted beneath the primary sell zones (PSZ).

 

Rob

[gassah 10]

Ray is going through SP500 trades via free videos at:

Barrometric's Monthly Video

 

Rob