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NO-BIAS – If, Then… Market Timing

NO-BIAS

By Rod David | October 25, 2013 - 1:28 pm

Trending still not catching.

[pay]The noon hour’s dip to fresh session lows held a test of 1747.00. Its reaction thoroughly tested 1750.50, which held. It almost touched the 1751.75 bias-up signal, which didn’t trigger.

This is a no-bias environment. There is no requirement to test either bias signal, only that the bias signals define the next hour’s range.

Back under 1749.25 would be likely to probe fresh session lows, potentially down to 1744.00. And despite needing to define the range’s upper-end, back above 1751.75 could extend to fresh session highs as no-bias trending before reversing back down.

All of which sounds very exciting. But this being a Friday afternoon, with two consecutive no-bias signals, the burden of proof is on any sponsorship to prove itself capable of producing any trending at all.

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Posted in Bias-parameters, S&P