|
PureBytes Links
Trading Reference Links
|
This picture is based on DJIA data from
1921 to now.
It uses a 34 bar detection
scheme.
ALL swings which come out of a #8 pattern
(the real
definition of an upgoing triangle) are
shown for
this 80 year period -- for triangles of
this magnitude
there are less than one every two years --
would you
believe that ??????
Anyhow, for all practical purposes the
results are
50/50 so you can see why no honest man
would want to
say that someone who says 95% is the rate
would not
want to do so as Tim noted.
Clyde
If I get time this weekend I accumulate
some real
data on such animals and let the
statisticians on
the list have a field day with
it.
cl
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=catapult@xxxxxxxxxxxxxxxxxx
href="mailto:catapult@xxxxxxxxxxxxxxxxxx";>DH
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, May 26, 2001 22:04
Subject: Re: [RT] Re: No evidence for
lower NASDAQ yet
> To be frank, I was > asked to review the book
for a publication when it first came out. I did. I> was honest. The
magazine did not want the truth. Two of the people you > mentioned were
more than happy to get the free media in exchange for a > "soft" and
friendly review. I am not interested in that. If folks don't > want to
know the truth, they know not to ask me now.Attaboy, Tim. It's really
refreshing to see a man of integrity in thisbusiness. Endorsements from
authors, who make their living writingrather than trading, mean little in
evaluating a book. There is animplicit good ol' boys club among the
authors - "I'll write you a nicereview and you do the same for me when my
next book comes out."-- DennisTo
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
Yahoo! Website Services- Click Here!
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: "junk4.gif"
|