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A drop in volatility in rising markets and the intra-day swing of 22 points is going to be much more prominent now compared to down trending markets.

22-point swings can be used to great advantage when buying the dips, as long as you have an idea where the market is trying to move towards, what’s the trend, and the direction of the market within the ‘current’ weekly timeframe.

If next week ends up rotating back down from a higher weekly open, then buying 22 swing points intra-day won’t be much good.

I have an entire chapter devoted to intra-day price action and ‘range trading’ for derivative markets….

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----- Original Message -----
From: frankd@fdtradeco
Sent: Thursday, September 27, 2007 8:15 AM
Subject: Dilernia Report 27th Sept part 1

SPI continues to climb upward towards the September highs, with the next spiral point @ 6602.

Therefore the early expectation is that the SPI will complete this range.

Depends where the market opens, but expectation is that 6602 should be filled

I would expect some kind of support around yesterday’s highs
A lower open today and moves up from 6572 and rising into 6602, then keep in mind 44 points up from lows…

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Why 6602? (spiral point)

Because it’s 87 points up from yesterdays lows….

You can see the 50% ranges of each, 22 points move into 44 points, which move into 87 points…

What’s the high of today?… 6609…which is 44 points up from today’s lows.

Bang the money pattern again..

The ranges are important, but so is the direction, the trend, support and resistance. Like a big happy family.

Cheers
Frank

<blockquote data-quote="Frank D" data-source="post: 206856" data-attributes="member: 4896">A drop in volatility in rising markets and the intra-day swing of 22 points is going to be much more prominent now compared to down trending markets.22-point swings can be used to great advantage when buying the dips, as long as you have an idea where the market is trying to move towards, what’s the trend, and the direction of the market within the ‘current’ weekly timeframe.If next week ends up rotating back down from a higher weekly open, then buying 22 swing points intra-day won’t be much good.I have an entire chapter devoted to intra-day price action and ‘range trading’ for derivative markets….~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~----- Original Message ----- From: frankd@fdtradeco Sent: Thursday, September 27, 2007 8:15 AMSubject: Dilernia Report 27th Sept part 1SPI continues to climb upward towards the September highs, with the next spiral point @ 6602.&nbsp;Therefore the early expectation is that the SPI will complete this range.Depends where the market opens, but expectation is that 6602 should be filled&nbsp;I would expect some kind of support around yesterday’s highsA lower open today and moves up from 6572 and rising into 6602, then keep in mind 44 points up from lows…~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Why 6602? (spiral point)Because it’s 87 points up from yesterdays lows….You can see the 50% ranges of each, 22 points move into 44 points, which move into 87 points…What’s the high of today?… 6609…which is 44 points up from today’s lows. Bang the money pattern again..The ranges are important, but so is the direction, the trend, support and resistance. Like a big happy family.CheersFrank</blockquote>

[QUOTE="Frank D, post: 206856, member: 4896"] A drop in volatility in rising markets and the intra-day swing of 22 points is going to be much more prominent now compared to down trending markets. 22-point swings can be used to great advantage when buying the dips, as long as you have an idea where the market is trying to move towards, what’s the trend, and the direction of the market within the ‘current’ weekly timeframe. If next week ends up rotating back down from a higher weekly open, then buying 22 swing points intra-day won’t be much good. I have an entire chapter devoted to intra-day price action and ‘range trading’ for derivative markets…. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ [I]----- Original Message ----- From: frankd@fdtradeco Sent: Thursday, September 27, 2007 8:15 AM Subject: Dilernia Report 27th Sept part 1 SPI continues to climb upward towards the September highs, with the next spiral point @ 6602. Therefore the early expectation is that the SPI will complete this range. Depends where the market opens, but expectation is that 6602 should be filled I would expect some kind of support around yesterday’s highs A lower open today and moves up from 6572 and rising into 6602, then keep in mind 44 points up from lows…[/I] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Why 6602? [B](spiral point[/B]) Because it’s 87 points up from yesterdays lows…. You can see the 50% ranges of each, 22 points move into 44 points, which move into 87 points… What’s the high of today?… 6609…which is 44 points up from today’s lows. Bang the money pattern again.. The ranges are important, but so is the direction, the trend, support and resistance. Like a big happy family. Cheers Frank [/QUOTE]

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