Hi everyone,
Just something to note. I placed an 8,3,3 stochastic oscillator at the bottom and it can predict/confirm the arrow set up. I.e. if the stochs show the market is oversold, watch for the buy arrow to appear (or it will confirm the arrow), or if the stochs show the market overbought, then look for the sell arrow to appear (or be confirmed). The only setttings that you want to change before you place them on the chart are the following:

%K=8
%D=3
Slowing=3

All others should remain the same. Hope this helps. I know the tendency in these threads is that the longer they go, usually the more complicated they get....I may have just complicated this...so take it with a grain of salt.

Pip Meister