Tuesday, November 16, 2010

Is eight enough?

Eight is a core Fibonacci number (aren't they all?) as well as the number of hours in a typical work day in the colonies.  These eight-hour trading models appear to work well in bridging the gap between shorter-term and intermediate term trend models.


DJIA 8 Hour AllanTrend Model


VXX 8-Hour AllanTrends Model

If these two new signals hold, it would appear that an Intermediate term reversal is at hand.

A


"All in all, just another brick in the wall."
                                  -Benjamin Disraeli