interesting chart with projections based on historical times

    Posted by matt on 24th of Nov 2014 at 11:54 am

    here's an interesting chart I have in Multicharts.  It was giving to me by a friend from Germany who recently completed a huge database of historical market data where he took daily and hourly data going back many years into the past.  The then projects a projected price movement on the chart (which is in yellow) of what direction price should theoretically go based on the past.  The current SPX price is at the top in green.  I've been following it for about a week now for fun, WAY WAY to early for me to say much more than that, though it's been pretty accurate so far.  Last week for example it was projecting a price low on Thursday morning at 7:30 and a big rally into late Friday morning, which totally panned out.

    This week it projected a high this morning at 10:30, which has panned out so far, and projects weakness into 11:30 tomorrow, and then rally from there into Wed.  Again the Yellow Line 2nd (second down from the top) is the projection line based off historical data.  The top line is the actual ES price data

    if it continues to track well I'll start posting it regularly, for now just posting for fun

    matt this will b interesting?

    Posted by morgan8 on 25th of Nov 2014 at 11:33 am

    matt this will b interesting? - in fact looking a bit tooooo frightening right now

    I know I bought that 11:30 low

    Posted by windyjazz on 25th of Nov 2014 at 11:44 am

    there were TA reasons as well that little higher low right after it


    Title: working for now Seems to

    Posted by kattap on 25th of Nov 2014 at 11:32 am
    Title: working for now

    lets see if i get

    Posted by himsa on 24th of Nov 2014 at 04:39 pm

    lets see if i get to buy something tues at 1130

    That's REALLY interesting ...   

    Posted by mla127 on 24th of Nov 2014 at 12:26 pm

    That's REALLY interesting ... 


    yeah I'll keep an eye

    Posted by matt on 25th of Nov 2014 at 12:28 pm

    yeah I'll keep an eye on it over time, today it had a low projection at 11:30, which was pretty spot on, and has a push into tomorrow late day.  We'll see..


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