Terry Laundry has recently explained his concept of Bear T's or Failed T's and more recently Phantom T's. When a Bear T is discovered, it can be used as a tool to discover the next center post. In the above chart, the blue line is the 10 minute last price of the DIA and below it is a derivative oscillator based on the last price. In the chart, utilizing the price and the oscillator I drew the smallest T and since it failed, the end of the T gave us the center post for the second T. The second T also failed and I used the end of the second Failed T to mark the center post of the current green T. This latest green T has proven to be an exceptional Bull T. If I have interpreted T Theory correctly with this oscillator, The current T will expire at 1:40 PM on Monday
November 16 , 2009.
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1 comment:
If we break 1087-1089 on the ES I am thinking Terry will change back to his original analysis.
There has been no volume on this rally. Dollar is due for a bounce.
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