IWM CHARTS

March 5, 2010 in Ideas & Strategies

TODAY I WAS NOT GIVEN DEMARK PIVOTS FOR IWM. I TOOK THE RUT PIVOTS AND PROPORTIONALIZED THEM AS BEST I COULD FOR IWM. WE’LL SEE HOW THIS WORKS. IF THE RUT PIVOTS PROPORTIONALIZE CORRECTLY, IWM IS ACTUALLY OPENING ABOVE THE UPPER DEMARK PIVOT.

RELATIVELY LOW VOLUME START TO THE DAY.

AS I UNDERSTAND IT… THE JOBS REPORT CAME IN AT A LOSS OF 36K JOBS. IT’S A LOSS BUT APPARENTLY FEEL LIKE MANAGEABLE LOSS OR A LOSS THAT IS DECREASING OR NOT AS BAD AS FEARED. SO THE MARKET WENT UP.

Today opened at or above all pivots and climbed so relatively few observations were made beyond what is below.

Hull MA Set 1024x582 IWM CHARTS

IWM Hull MA Set

Today we had several other useful HULL MA interactions and indications. RevRSI was used as some support.

IWM ICHIMOKU 1024x582 IWM CHARTS

IWM ICHIMOKU

Today I paid attention to the correspondence between the Ichimoku cloud and the pattern of candle sticks even though they were some distance from each other. Interesting correlation.

IWM LOWER STUDY SET 1 1024x582 IWM CHARTS

IWM LOWER STUDY SET 1

Here we have descendance in the Stoch Highs.

IWM LOWER STUDY SET 2 1024x582 IWM CHARTS

IWM LOWER STUDY SET 2

Descending trend line break on CCI AVG prior to surge.

Bollinger Midline support.

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