who is tim mccarthy?
He has a website at http://www.stockcyclestrading.com.
Welcome inphinitygreat pic of you - cover of Fortune - fantasticdid you register as follower# 65 thanksIve posted some charts that Tim has provided, and he now has his own web site.www.stocktradingcycles.comHe uses totally different methods than I, and we are frequently in syncas we are for June2nd.I posted some UPDATES on the previous COMMENTS .Jay
Jay, your call for 11:30 seems to be working out.sam
dear JayAn idea for consideration. When you post during the day can you pl indicate a quick reference to your power index etc. to give some consolation.I was long today on SP and it is ditching me.
power index today is set at 325for most of the day and jumps up to 450 at days endmain reason for indicating a higher closeIts nOW NOON and we got down to -32 on the dow, I DID WRITE there would be a LOW between 11:30 and NOONwhy aren't you following me ??MY bar cycles and 13 day cycle lows are fantastic against the hourly turns;I havent used it as much as I could, but its great for day traders.for examplethey made a high just b4 the 11am TURN, -thats when i bot some puts & just sold them at noonEven more important than the power index is the acitivity indx which updates every 5 minutes in real timeAs I wrote, it dropped one level from 266 to 233, thus I did NOT expect a deep selloff, and I got out when the dow was off by 32 ptsRIGHT ON THE 13 day cycle low at NOON - AS I POSTED..psafter the 13 day cycle the only other setback should come at 2pm on 60barsafter which they can run it up to a short term high, but I really dont expect anything much above913, but we'll seeJay still holding shorts from yesterdayI might buy back at close if mkt makes anther move Up
Jay,where can i find OBV numbers ?best,a2
a2OBV can be SEEN as lower chartgraph on any brokerage site that has charts and analysisMostly I use big charts At Market watch .comits seems to have the clearest view and I can update every time I click the draw chart iconthey offer 1day - 1 min to 15 minsame for 2day, 5day and 10 day +1month to 10years X dailyJay
thanks Jay, I found a description too:http://en.wikipedia.org/wiki/On-balance_volumeregards,a2
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