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market opened down

too much concession from previous close fo a short sale

low is being made first on a short sale day

let it alone

market can rally before the close and make the high last

an uptrend indication

on account of buy day violation at ... yesterday

we might get a high for a short sale made first tomorrow

this would be the 3rd day up

market closed strong

expect further uptrend on monday

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opened down ... cent buy market is rallying first on buy day

sell short on the penetration of ...

cover sale at tru or above ... or if and when you get a profit

watch ... as your buying point

market is quiet and is trading at ....

the low is being made last buy is holding a ... cent higher bottom

buy around this price

market is closing up from the low

support is higher than yesterday

expect a further rally tomorrow

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opened down at ....

sell on any rally where buy day close gains are lost on selling day opening

the selling point to watch it at thru and above the ... the buy day low

thru and above this point watch for the activity to dry up and the rally to stop

from this point and slightly above the decline can start again

sell above this point if the market hesitates or stops

violation at .... made last of no use for trading

indicates weak short sale tomorrow

expet high to be made on next buy day

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opened up then sold down

no short sale

the low is being made first

stay out

the chances favor a rally later in the session with high made last

this day is like saturday on account of violation of last buy day low

the high is being made last

the closing is up

an up opening tomorrow would be a penetration and a short sale above

also the 3rd day up from ...

on down opening the low would be in process of being made first

watch for a buying spot at above or below ....

strong closing at high

indications for further uptrend

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opened up with penetration of ...

sell short above the penetration

cover the sale on any decline arounds the .... point the short sale day low

wait for a chance to go long

the market is not rallying and low is being made last but is holding a higher bottom

buy before the close

buying a higher bottom is usually profitable

expect a further rally tomorrow

today's action is the same as monday

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opened down made violation first at ...

market began to rally from here

this decline at opening catches us with long stock bought yesterday at close

on any rally from ... we must watch fora place to sell out

the point is the buy day low ...

at or just above this point the activity slows down and the rally stops or it gains in momentum

the price having sold thru this point and with the activity picking up you now watch the ... point

buy day high to be reached

sell at or thru this point

down't follow the rally further

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tuesday

buy day low made first .... for a long

became a high made first before noon

prev low was friday's low.... not penetrated

 

taylor says no entry on sell day

taylor says enter on short day ... thursday ...

 

friday low would be penetrated on wednesday

 

by thursday would have already bottomed out by penetrating friday low

... unless going for a penetration of PREV thursday's low

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With a low made last on Tuesday does that mean we should look for a rally Wednesday? Or wait for a penetration of the low then watch for signs of a rally?

 

Thanks for all your comments, please keep them coming.

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the prev low was friday's low

wednesday is a buy day low violation

 

i have tuesday as buy day .... however it did not penetrate the prev low which was friday's low

for me ... the buy point is just delayed until that low is penetrated

which is happening today ... wednesday

in fact today sell day is testing the low of buy day and the low of friday

i would like it to get a little further below friday's low ... but that may not happen

now it is up to the closers on wednesday to determine how to approach thursday

 

if wednesday closes weak.... then i would look for a penetration again on thursday for another long

if wednesday closes strong.... then one could hold on another session

 

if it races back up the high on the same day wednesday ... then taylor says close out and take profits and wait for the next set up

 

 

With a low made last on Tuesday does that mean we should look for a rally Wednesday? Or wait for a penetration of the low then watch for signs of a rally?

 

so far it is a high made first on wednesday

 

Thanks for all your comments, please keep them coming.

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so far so good .... closers are running the show... stay in

 

 

 

looks like sell day is going to be a weak close

 

could be that short day will be the buy point on a penetration of sell day low

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not me ..... it's all Taylor.

.....no one knows what will happen on buy day .

in this case ... it will be the day for longs to close out .... the chances of a test of the low seem quite unlikely

the count stays the same so the next play would be on short sell day .... which would be the 3rd day up from the low

 

here is yet another example of why ... for me at least .... the count stays the same and is not important

the whole system is buying lows and shorting highs...with rules

 

and for those who say Taylor does not apply to today's markets... F yous ! : 0 )

 

Elovemer,

You hit the nail on the head! The market violated the low and then took off. What do you think will happen tomorrow (which is a buy day I believe)?

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this is one reason why i can't do strict taylor rules

 

because even though the daily trend is strongly up .... a 20 or 30 point pullback is exactly what you want for a swing entry

 

and usually .... the first low ... it is not 20 or 30 points

 

therefore when a low is put in and then it is tested ..... you are more likely to get a 20-30 point entry in the direction of the trend

 

in this case we got a 20 point pullback on buy day .... but it doesn't usually do that in a strong up trend

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short sell day ... friday

short on a high made first

either a move up on the open ... or a gap up

or a gap up and a move up

the thing i find very interesting is

in a bull market .... every one wants to be long

but they don't want hangers on

doing a 20 point pullback ... and closing at the low of the day .... is the best way to shake out the crack heads

 

if there is a bounce .... look for a retest the next day

if there is no bounce... and a close at the low.... look for buy point to be during globex session

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Good thoughts Mitsu using rally and decline a la Taylor....I always had logical trouble with these compounding two days and started using the H2L/L2H designation to split them for daily values that allow me to compare daily changes to daily changed volume.From your other posts it seems you add some more sophisticated ideas to Taylor to get further insights?

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I can only but agree with your comment on TT being very useful. The part on the interconnectivity of time,price cycle is beyond my understanding,esp. the time aspect, but I am certain from what I read in your Gann thread that you have some arithmatic to connect these.Thats certainly a nice advantage for daily plannings.

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