teletubbies thursday, page-143

Hardball

On daily I chart SPI XJO and XAO.

SPI has given me the best numbers for major highs and lows in the past.

That was also just changing contacts as they changed and not working on a base contract.

But I am not adamant about it hence I do watch all three.

For instance XJO/XAO in 1987 was close enough to 50% retracement, although it was actually on a close basis rather than intraday, and so I also have line charts which are close only, but SPI came within 2 points of the previous major low and other measures.

So I have a mix and the more matches you get the better.

No, I don't have the holy grail and don't suggest one index is more important than another.

When I have contra indicating signals I do take XJO/XAO as more important than SPI. It isn't always correct but mostly.