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Monday, August 31, 2009

Daily and Intraday CIT times to watch

Today and tomorrow are daily CITs (Change in Trend) to watch and should be important. A CIT could be a High or a Low.

Daily CIT: 8/31-9/1

Intraday CIT times to watch for 8/31/09:

Hourly CITs: 12.45-1.50 pm EDT

5 min CITs: 9.45, 12.50*** and 2.30 pm EDT.

There is a triple hit at 12.50 pm, that is currently biased to be the Low of the day.




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2 comments:

  1. Ian G.August 31, 2009 at 9:33 AM

    http://finance.yahoo.com/echarts?s=^GSPC#c...ource=undefined

    9.45 was a 9.50 Low, next is the major CIT at 12.50 pm

    ReplyDelete
  2. Ian G.August 31, 2009 at 2:15 PM

    The intraday pattern is normally Low am (1st hour) to High pm (last hour) or vice versa

    ReplyDelete