Thursday 13 November 2008

End of Trend Signal on Hilbert Sine Wave

Wow, that didn't take long. I was expecting the Emini to base around the 800 to 835 level before making a cyclical turn. Instead we got an explosive "V" reversal and huge volume at 4.1 million contracts traded. Just goes to prove that bottoms are made more quickly than tops.

With this cyclical tuning point, the Better Sine Wave has now signaled an "End of Trend" and the bias is now to the upside. Typically after a strong trend move (down trend in this case) we see a return to cyclical activity before another trend move can develop. I particularly look for the second cyclical turn after an "End of Trend" signal for a good reversal entry point.

Emini End of Trend Signal Image

Hilbert Sine Wave and End of Trend Signal (Emini daily)

The Better TRIN Oscillator has turned up and we've taken profits on the Better TRIN Systems, which continue to make new equity highs. Good luck with your Emini trading.


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