Tuesday, November 17, 2009

New Research/Study

The Daily Range for Monday 11/16 was 14 points
But the Globex Low to the Day High was 21.25
In the 60min chart a very frequent occurrance on the Swings Highs or Lows is 22.5 pts. This is only a long term observation that may vary by a few points.
Why is this usefull? Today my calculation from the Globex Low was 1113 and the actual HOD was 1112.25 which is only .75 pts off ! That was close enough for me since I was Long the market.

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