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"Eric, this energy bull market call has truly been an extraordinary call on your part over the years. Even the unthinkable lofty targets you put out there early on." |
E.R. - 4/24/08 |
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| "As a subscriber for well over a decade, please accept my heartfelt thanks for what can only be described as a financial roadmap. What a fantastic service." |
Pete S.. - 02/22/08 |
[Re: Stock Index & Gold analysis]: "Bravo! Super cycle and price analysis. Accurate analysis on either plane is difficult, on both planes Herculean. You've correctly analyzed both planes - price and cycles. Kudos!...keep up the outstanding work." |
L. I. F. - 01/17/08 |
"...fascinating and accurate methodology re/ reading the markets. You have made me a believer in 'cycles'."
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Al K. - 01/09/08 |
| "Your analysis process and methodology are providing amazing results." |
Don R. - 12/01/07 |
"I just returned from three weeks in southern Africa -- South Africa, Zimbabwe, Botswana, Zambia, Swaziland -- entirely paid for by your successful recommendations re: Cotton, Dec W Put options, etc.
Thank you! |
John L. -- 11/02/07 |
| "...I would like to express again my appreciation for the immense amount of research you present in your publications..." |
George M. - 9/07/07 |
| "Great job...Your long term views have been outstanding!!!" |
Steve M. - 8/16/07 |
| "...excellent subscription and excellent service." |
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| "You are head and shoulders above other investment services...especially specific about TIME and PRICE in the market..." |
George B. 8/03/07 |
| "OUTSTANDING!...you take socionomics to a whole new level..." |
Harlan P. - 4/19/07 |
"...The
'Grand' Illusion is one of your best pieces
of work to date...A real tour de force...I've
been a subscriber now since just before you
forecast and pinpointed the top in the stock
indices in 2000. Then you caught the bottom
in 2002. Your command of the big picture is
unrivaled..." |
Joe
C. -- 11/17/06 |
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"...Beautiful work Eric. Outstanding! Nice
calls in the stock indices and the metals." |
| Steve
E. -- 05/17/06 |
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"...we are coming into your initial downside
target for natural gas...just like to say how invaluable
your newsletters are...would not be without them." |
| N.
H. -- 05/15/06 |
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"I appreciate excellence. You're a true
master in the field of analysis." |
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| "I am constantly amazed by your accuracy and your wealth of knowledge...Your call on Gold and Silver has been equally amazing." |
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Ed
S. - 4/07/06 |
| "...Thank
you for your excellent work. Your short term accuracy
within the context of the long term destiny is truly
compelling." |
Ted
W. -- 5/22/05 |
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want to recognize you for an incredible call to
the day. Thank you so much for your ongoing dedication
and seamlessly tireless service." |
L.
R. S. -- 4/12/05 |
| "...Your
analysis of the markets is as precise as I have
seen anywhere.... Your Tech Tip Reference Library
is very comprehensive, and much more precise in
recognizing patterns, reversals, etc., than most
newsletters and market advisers." |
Jim
W. -- 4/4/05 |
| "...Your
rally call for the Stock market low in October 2004
was excellent." |
Ed
T. -- 3/24/05 |
"I was reading an old Futures Magazine
from March 2000 and could hardly believe the accuracy
of your predictions." |
S.
B. -- 9/11/03 |
| "You
have been the only person I follow that forecast
this [stock market] rally from Oct. 2002." |
Val
B. -- 9/08/03 |
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Commodity
futures trading involves substantial risk. Past performance
is no guarantee of future results. By reading the pages on
this web site, you acknowledge, understand and agree to these
disclaimers. |
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Site Last
Updated
July 8, 2008
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INSIIDE
Track Trading
is a specialized market-timing & trading advisory service
for Stock Indices (DJIA, S+P 500, Nasdaq 100), Gold, Silver
& Copper (precious metals), Treasury Bonds, Notes &
Eurodollars (interest rates), Currencies (US Dollar, Euro
Currency Unit, Japanese Yen…), Crude Oil, Soybeans, Corn
& Wheat and various other commodities. 23-year market
veteran Eric S. Hadik integrates innovative cycle work (Gann,
Fibonacci, Biblical & natural cycles) with proprietary
technical indicators, axioms & trading principles to give
a unique perspective on the markets, interest rates, inflation,
war & peace cycles, the global political structure &
periodicity of natural events (e.g. earthquakes, volcanoes,
drought & floods, etc.)
|
Eric Hadik's 2 Close Reversal™
The
2 Close Reversal™ is a type of key reversal.
The primary difference is the confirmation point
provided by the second close prior. I will explain...
A
key reversal (Figs 1 + 2) is the most basic of reversal
patterns and involves a market trading higher than
the previous day's high (intraday) and closing below
the close of the previous day... OR... conversely,
trading below the low of the previous day's low (intraday)
and closing above the close of the previous day.
This
is such a diluted pattern that a confirmation point
is necessary to validate a reversal. This is where
the 2 Close Reversal™ comes into
play.
The 2
Close Reversal™ (Figs 3 + 4) adheres
to the same rules as the key reversal... BUT...
requires a close below BOTH the previous day's
close AND the close 2 days prior--after trading
above the previous day's high--or above BOTH
closes after trading below the previous day's
low.
This
pattern is important when judging the validity of
an outside-day reversal. Most outside-day reversals
(a high above previous day's high AND low below the
previous day's low) are more significant than a plain
key reversal. This gives them a higher probability
factor, right from the start.
However,
when a market gaps higher on the day preceding a
reversal -- and then provides an outside-day reversal
on the ensuing day -- the 2 Close Reversal™ becomes
very important. (Figs. 5+6 show an unconfirmed outside-day
reversal // Figs. 7+8 show a 2 Close Reversal™ outside-day.).
At
this point, it coincides with gap rules and true-range
theories and requires the outside-day to close below
the "2nd Close prior" to validate the reversal. By
doing so, it closes the gap created the day preceding
the reversal. By standard gap rules, this would invalidate
that gap and remove the support thought to exist
there... which would give the reversal a better chance
of following through. (The inverse applies to a gap
lower and subsequent reversal higher.) © ITTC -- www.insiidetrack.com
[Additional
details & diagrams can be found in Eric Hadik's Tech
Tip™ Reference Library.]
© INSIIDE Track Trading POB
2252 NAPERVILLE IL 60567
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