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That’s a wide range for no-bias. – If, Then… Market Timing

That’s a wide range for no-bias.

By Rod David | March 9, 2011 - 10:57 am

Imagine if there were a bias.

[pay]1317.00 inflected up, instead of down, putting into play 1319.00 with potential to 1322.00. The surge barely hesitated at 1319.00, but it slowed into 1322.00 as the pattern’s buying pressure was satisfied.

And now 1313.50 is being tested as support.

1324.00 is a higher objective for the open having held a test of the 1315.75 bias-down signal. Exiting the bias environment under 1315.75 would invalidate any attraction to 1324.00.

The “close-quarters Double Bottom” at 1313.00 still requires being probed. And this wild volatility in a no-bias environment suggests it doesn’t intend to hold as support.

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Posted in Bias-parameters, S&P