Hilbert Sine Wave “End of Trend” Signal (Emini 500 tick)
First of all, a huge thank you for all the feedback from my last “rant” (The Boy Who Cried Wolf). 100% in support and I’ve copied some of the choicest comments below.
This was my first Emini day trade in 3 days. I haven’t had any good setups since last Wednesday. For whatever reason Thursday and Friday last week were “unusual” and I didn’t get any clear signals.
Today’s signal had the usual components, from my 3 non-correlated indicators:
- Professional buying on down bars (blue PaintBars using Better Pro Am)
- Exhaustion selling volume (large cyan dot using Better Momentum)
- Followed by less selling pressure and Bullish Divergence (red dots)
- “End of Trend” warning signal (from price cycles using Better Sine Wave)
The 500 tick chart above is a little cramped, but I hope you get the picture. The Professional buying on down bars was very evident on the 1,500 and 4,500 tick charts. Let’s hope we don’t see a repeat of Thursday or Friday for a very long time.
And Now Some Reader Comments …
I am very fortunate to have some really insightful and passionate followers. Paul’s reminder to “trade what you see” can’t be over-emphasized. Here’s a selection of some of the great comments:
“You are dead on … we’re in a ‘Bullshit’ rally.” Bob H.
“Can’t help but agree … now what we need is to get you a spot on NBC or CNN 🙂 … Love your site!” Vaden H.
“It breaks my heart to know that every last word is absolutely the truth.” Robert G.
“That was great! I agree 200% … Corruption will continue because of the investing public’s insatiable demand for quick profits … This recent run certainly lacks reason.” Alvin K.
“As rants go I’d give that one an A+ … It was precise without leaving any of the principles unscathed yet there was no repetition or embellishment … Good job.” John R.
“I loved your rant and agree with you 100%.” Bill W.
“I think many of us who look forward to your guidance and writings are all on the same page. But unfortunately with many happy to turn a blind eye to the truth and the majority ignorant of it we can only trade what we see and try to be emotionally removed. But what you say is true and greed is a strong motivator.” Paul M.
“I agree with your comments. It’s nice to know that I’m not the only one.” Ken O.
“Your comments are very timely. But just to add gasoline to the fire … you forgot the SEC. Thanks, as always for your insightful stuff.” Tom W.
“I think Ayn Rand would have said pretty much what you have said. But don’t make the mistake of letting Greenspan speak for her; she clearly would have repudiated him decades ago. And he has been busy repudiating his former philosophy and evading his own responsibility for the destruction.” Bill S.
“I loved the rant and couldn’t agree more … I’m of the belief that the whole market is a scam. It’s not intended for the public to make a profit, it’s intended for the insiders to take our money … Behind closed doors they probably laugh their asses off about how stupid we are.” David
“Well said Barry. Glad to see someone has the ‘kahunas'[sic] to actually say it in a public forum … I once believed in a Government that for the most part could be trusted. Obviously that is no longer the case.” Mike S.