EDIT 8/17/12:I am going to keep an updated version of the chart in this post since it is archived in Research Articles. The original article is below.
Last Update Date: 10/19/12
I’ve been working on different time-based indicators, one because I am always trying to find new market insights, and two, it presents an interesting programming challenge (how to tell the computer to only show me certain days, or certain minutes/times of the day, etc).
In this case, I’m looking at an options expiration days indicated with a yellow marker.
I noticed that they seem to occur, almost uncannily perfectly, within 3 days of major pivot points. Each arrow leads to a significant move (usually a trending one too) one way or the other.
So, are these guys genius psychics or what!? Sure seems so.