Let's review the hourly CITs published on the blog (Click on chart to enlarge):
1. 1/8@10.35-11.40 am => Result: 10.15 High of the day (pt 1 on chart)
2. 1/9@1.50-2.55 pm => Result: 2.20 pm Low of the day (pt 2 on chart)
3. 1/10@11.40-12.45 pm => Result: 12.30 High (pt 3 on chart)
4. 1/10@1.50-2.55 pm => Result: 3.40 pm High of the day (pt 4 on chart)
We have been declining ever since the 1/10 Highs. The reason I bring up these hourly CITs is there are 2 of them today:
5. 9.30-10.35 am => Result: High at close yesterday (pt 5 on chart)
6. 12.45-1.50 pm => Result: ??
The hourly CITs has been useful to determine the short term swings and could also be used to help determine the intermediate Highs and Lows.
2 comments:
very nice work on the CITs!
Thanks, There were from my T&C Daily email alert to subs.
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