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No-bias… no fun? – If, Then… Market Timing

No-bias… no fun?

By Rod David | May 13, 2008 - 1:33 pm

[pay]The noon hour was exited with a no-bias signal that has held up through 1:30. The 1403’50 bias-up signal held a test as resistance, creating the potential for a dip to the 1398’50 bias-down signal, but that setup is more reliable when triggered during the morning.

The pre-open rally on news and on volume was completely retraced into and out of the cash session open. But the retracement hasn’t developed into a rejection, meaning the rally’s origin has held as support. And for some time, as well. The timing is inappropriate for trending to begin before 2:30 approaches, but there is plenty of room to fluctuate back to the range’s upper-end at  1406’50.[/pay]

Posted in Bias-parameters, S&P