Market Talk – May 9, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 128.39 points or -0.34% to 38,073.98 Shanghai increased 25.84 points or 0.83% to 3,154.32 Hang [...]
The Accuracy of the Arrays
COMMENT:
As we can see the major Turning point for the USD was q 3- 17. So far dead on perfect fit quarterly down to weekly …unfortunately we are out one day on the daily array
Might need an internal investigation of what went wrong
REPLY: Well the excuse for being off one day is the Directional Change targets were back-to-back. When that does happen, the market can get choppy. However, this may also cause the highest closing to be the day before with the intraday the following day.
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