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Wow,
Decade long comparisons of the DJIA from Clyde
Lee!
And to think I thought this was mostly a daytrader's forum or
at worst a position trader's forum.
FWIW (and bearing in mind that I am a mere amateur) I
attach my 101 year chart of the DJIA.
The hypothesis that DJIA is due for a 15 +/- year correction
following the 20 +/- bull market of the 80's and 90's remains open but
unconfirmed on the chart (at least) as the 20 year support trend line (from
1982) has not yet been violated. Nevertheless, such a correction would
parallel the last two major recessions (one of which was a depression) and its
hypothetical terminus would appear to coincide with the Fibonacci time line
(measured from the depths of the Great Depression) which is set for
2014.
FWIW and with sincere appreciation for the knowledge you all
share so freely.
Regards,
Tony Pylypuk
----- Original Message -----
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: July 29, 2001 5:18 PM
Subject: [RT] Long Term Comparison DJIA
--21 to 31 & 91 to 01
Please, what I tell you and what I show
you is true.
This weekend I have been working on a new
indicator that
is designed to draw Gann trend lines and
fan lines.
One problem with using Gann angles on
long term data has
to do with scaling the data so that
angles at one time and
price relate to angles at other times and
prices.
What I was doing was trying to solve this
riddle and in
the process I setup the screen you see
with data from
1921 to 1931 and another view from 1991
to 2001 (current).
Once I got the scaling thing solved I had
the trendlines
that are show on the attachment drawn
using exactly the
same degrees and channel
width.
I was amazed at the timing of when THIS
VERY LONG TERM
TREND broke below the Gann Trendline in
both cases.
I make no predictions based on this but
it sure as hell
is worth taking a long hard
look.
Clyde
- - - - - - - - - - - - - - - - - - - -
- - - - - - - -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- - -
- - - - - - - - - - - - - - - - - - - - - - - - -To
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