Today I am taking the day off to work on an amazon.com project I have going. But I would like to direct your attention to the QQQ 5 day chart. Look at today's premarket which is in effect, kind of a sparkline and now look at the actual day (after the sun icon).
It is CLEARLY a pre-map.
Now look at the 5 days before it. Look like a treasure map yet? It should. Because for all intents and purposes the premarket is foretelling what the imeediately following daymarket is going to do. I have mapped corresponding times: 6:30 ET and 11:00 ET, and 7:45 ET and 12:40 ET. That is, you aim your mouse pointer on the premarkets to see a crosshairs pointer show up, along with a timestamp depending on where you aim the pointer on the premarket chartline. Find the point in time on the premarket chart that says 6:30, and then move the pointer over to the daytime chart and find the point that says 11:00. Now you know where you are in both charts, and now from 11:00 am ET you now have a good estimate on what the daymarket is going to do next by looking at the premarket graph after the 6:30 point.
To reaffirm a bit later if necessary, I also use 7:45 and 12:40 as a later point.
I believe this to be worth millions. Millions! Yes there are a few wrinkles, mainly amplitude issues (the extent of the rise or drop in compared to the premarket sparkline) but in general I think if you are in a small apartment and work a crap job and are barely making it, with this, you can scrape together a few bucks and start following this and have a nice Ferrari and a house within a year.
More tomorrow
Tradinginsider
Tuesday, February 9, 2016
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Good Day...
11:07 AM
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