Quote from: etoimene on October 03, 2019, 08:31:04 AM

Quote from: Gumbi on October 02, 2019, 04:52:54 PM

Today is also a turning point so we should see a low at least on a intraday or closing basis.

On what other basis could it be?

Joking aside, can you comment on this rule "intraday or closing basis"?
I am especially interested if that low on turning point is based on closing, what can happen intraday?
In that case, you could have intraday low any day before or after. How should one place stop loss in that case?

The stop loss I used for my previous trade was just above the major daily bearish reversal the system elected at 26717 on the 1st but according to the system you should place your stop above the opposite Reversal (Bullish)

The array turning points can occur on a intraday or closing basis so any new low will be on a intraday basis and not on a closing basis but that will have to happen on a turning point so the close for the 2nd on the Dow looks like a turning point on a closing basis, however the empirical model points to the 3rd so we may see a intraday low occur today.

The daily report says there is some support lies intraday at 25716(daily bearish) so you could place a stop loss just below that level. Since the next bearish is at 25833 on the daily level that should function as immediate support unless broken, then look to the next and so on.

You should take note that a monthly bearish reversal is much more important than a daily or weekly. Some support is likely to be found at that level.

So If you arrange the reversals from the monthly and weekly reports and combine these with the daily reversals, you will have the best possible MAP of exactly where support and resistance stands at any given time in the market.