ediface
I agree looking forward things get muddy looking at monthly arrays and trying to extrapolate forward, its very frustrating and adding to that would be Martins blogs during selloffs. He tends to get worked up talking about major support areas so far from price. The Dec low comes to mind, the only number I shouldve cared about was 21,600.
I subscribed to PRO simply to have daily reversals for longer term trade entrys and exits, waiting for weekly confirmation in the DOW (should it be elected) would put me short roughly 1400 points from the highs.
I bought SDOW on May 1st the first Maj daily elected bearish (in a while), subsequently weve had 3 minors, 2 additional majors plus the triple on the 7th. Looking forward Im interested in the weekly reversals and as you mentioned the week of June 3rd , nothing else. Im just trying to keep it simple for my own sake.
bikefront
Using daily reversals for day trading, I dont see it, then again Im not so hot at small time frames. The reversals on the DOW are close at times to actual pivots but mostly would require very large stops, perhaps swing trades using options would be better.
Generally Im finding these markets frustrating having not traded for a while, low volatility for the most part, low volumes and the incessant buying of any low, theres no question in my mind about the extent of new money coming in as Martin describes.