$NYAD Pattern (my theory) to determine Tops and Bottoms ond the $SPX index ( The markets)
My $NYAD pattern theory was published on September 28,2011 and since then , have been successfully tested. This theory is based on the judgment "always, everybody will be wrong and, allways, the market will be correct". The $NYAD, is a breadth indicator based on Net Advances, which is the number of advancing stocks less the number of declining stocks so ,if the result of this subtraction is positive and is maintained at maximum level as 2500 is, means that everyone is wrong and because, the market is always right, the market has made a top. That simple.
Wednesday, September 28, 2011
$NYAD Pattern (thesis) to determine TOPs and BOTTOMs
$NYAD 1 min timeframe chart.
$NYAD 15 min timeframe chart.
$NYAD 60 min timeframe chart.
Observing the $Nyad charts I have notice that,in some opportunities, $Nyad chart can help us to determine when a TOP or a BOTTOM is developing. I have not read.nor hear someone has study this pattern and if this is the case I will like to be the one who first study this reliable pattern.Please If somebody have hear or have Knowledge about this issue make me Know about this.
The $NYAD pattern works in diferent timeframes. I have posted 3 charts,the first of 1m timeframe, the second one of 15 min timeframe and the last one of 60 min timeframe.
The $NYAD pattern to determine the TOPs and BOTTOMs developing consist in a flat or slightly up or down, movement during the particular timeframe and a change in the MACD during this developing, from positive to negative in TOPs and negative to positive in BOTTOMs.
I would greatly appreciate if you have some imput to give me.