The Maps look a lot better today. I have selected a range of popular day trading stocks based on volume on the NYSE and NASDAQ exchanges. I have also taken some stocks which are very expensive, which means they move big dollar amounts on a daily basis, making them popular amongst day-traders. CME is a $450 stock, Google is $380 and Goldman Sachs is $150.
I have only posted two Market Maps for the indices today and there are no commodities yet. This will change once I am back in London. I have not posted the full range of currencies either as I am still wary of mistakes after the Labour Day holiday corrupted the calculations.
Index Analysis
I will show you some charts later on today (I am in the airport now) which shows the divergence between the Dow and the other indices. Currently I have a very reliable time cycle in the Dow and, as I said yesterday, I am short this index. However, the SP100, also known as the OEX, managed to close above an important resistance level yesterday.
Finally I will later show you the geometry of the Dax yesterday.
Good luck today
Tom
Market Maps: (your forecasted intra-day path for the trading day ahead)
ANALYSIS
