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Gotcha and understood in those terms.
Many thanks,
John
> John,
>
> You asked:
>> I have looked at the various possibilities presented and seek an
>> educational. Admittedly, the line you point out "right now" is headed
>> lower into November. By the same token, if "right now" were read a few
>> bars back a line would be going up into the 1150's.
>
> What is presented here is no dreamed up relationship between prices and
> time. What is presented is a representation of the historical behavior
> of price and time for the past 30 years in the S&P Cash
> market.
>
> If there is a tendency for price/time relationships that existed in the
> past to occur again (as many traders/investors think) then what this
> does is provide a guide to potential movements. If price/time
> relationships for one path begin to "fall apart" then it is time to look
> to the next path as the possible direction. This approach
> only provides a much more reliable "guess" at the direction of
> the market in the future based on the behavior of the market in
> the past.
>
> No secret at all. Use a mathematical approach to picking pivot
> points. Calculate the length of each leg between pivots and
> calculate the ratio of the difference in price over that leg as a
> ratio of price at that time. Keep all these data IN SEQUENCE
> as occurred so that from any future pivot we can project what
> the historical behavior has been. Sort these data into two sets
> of data first by time interval and the second by price interval.
> Break these sorted data into some reasonable number of sets
> and average the selected sets. Present the results forward from
> the last pivot.
>
> History in the making.
>
> Clyde
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> Clyde Lee Chairman/CEO (Home of SwingMachine)
> SYTECH Corporation email: clydelee@xxxxxxxxxxxx
> 7910 Westglen, Suite 105 Office: (713) 783-9540
> Houston, TX 77063 Fax: (713) 783-1092
> Details at: www.theswingmachine.com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
> ----- Original Message -----
> From: <jvc689@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <clydelee@xxxxxxxxxx>
> Sent: Thursday, September 25, 2003 12:03 AM
> Subject: [RT] Swing Machine
>
>
>> OK,
>>
>> I have looked at the various possibilities presented and seek an
>> educational. Admittedly, the line you point out "right now" is headed
>> lower into November. By the same token, if "right now" were read a few
>> bars back a line would be going up into the 1150's.
>>
>> So was the Swing Machine wrong a few bars back and right on track now.
>> And how does one know which is correct?
>>
>> Please do not dismiss this as being picky. They are questions I have
>> had for a long time and am willing to learn. And I am not looking for
>> the wrath of Clyde since I believe this is a legit question that
>> perhaps others either know the answer to or are afraid to show they do
>> not know the answer.
>>
>> Sincerely,
>>
>> John
>>
>>
>>
>> > Don't have the foggiest idea who John's "Mr. Market" is or what is
>> the basis of his claim to fame.
>> >
>> > I do know what "The Swing Machine" is all about and am presenting
>> an analysis of daily data going back 30 years. This evaluates EVERY
>> swing of the selected magnitude over that period.
>> >
>> > Taking all these swings, using the time interval for and the price
>> interval of the first leg of each 3 leg set, data was averaged into
>> 5 sets of averages which should represent what COULD be price/time
>> paths for the
>> > SP 500 Cash market.
>> >
>> > Comments on the chart indicate which prices currently are following
>> one of the paths presented. You will notice there were two prior
>> attempts to top and both of these failed. No guarantee that this
>> > one will not fail also.
>> >
>> > Let this play out and see where things go. Me, I ain't long ! ! !
>> >
>> > Clyde
>> >
>> > Most interesting thing I've seen (other than this) was Norman's
>> "spread". VERY VERY VERY VERY interesting. Gotta get time
>> > to do that going back forever and see what things say. Thanks
>> Norman.
>> >
>> > cl
>> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>> > Clyde Lee Chairman/CEO (Home of SwingMachine)
>> > SYTECH Corporation email: clydelee@xxxxxxxxxxxx
>> > 7910 Westglen, Suite 105 Office: (713) 783-9540
>> > Houston, TX 77063 Fax: (713) 783-1092
>> > Details at: www.theswingmachine.com
>> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>> >
>> > ----- Original Message -----
>> > From: Rhonda Guilbeaux
>> > To: realtraders@xxxxxxxxxxxxxxx
>> > Sent: Wednesday, September 24, 2003 8:51 PM
>> > Subject: Re: [RT] Hurst 4 chart
>> >
>> >
>> > Ben,
>> > Price will lead the way.. and as of present time. a daily close
>> below
>> > 1019 has strong implications.. going forward.. weekly close below
>> it.. especially...
>> > Best,
>> > Rhonda
>> > ----- Original Message -----
>> > From: profitok
>> > To: realtraders@xxxxxxxxxxxxxxx
>> > Sent: Wednesday, September 24, 2003 8:48 PM
>> > Subject: Re: [RT] Hurst 4 chart
>> >
>> >
>> > Mr. market is calling for yearly high on 10/10/03
>> > plus or minus 2 days
>> > Ben
>> > ----- Original Message -----
>> > From: "Navtej S. Nandra (RR)" <nnandra@xxxxxxxxxx>
>> > To: <realtraders@xxxxxxxxxxxxxxx>
>> > Sent: Wednesday, September 24, 2003 9:33 PM
>> > Subject: Re: [RT] Hurst 4 chart
>> >
>> >
>> > > John,
>> > > Can't let a post like that go unnoticed! What are the
>> > possibilities you
>> > see
>> > > "Mr. Market" making and why?
>> > > Navtej
>> > >
>> > > ----- Original Message -----
>> > > From: <jvc689@xxxxxxx>
>> > >
>> > >
>> > > > Dear Rhonda,
>> > > >
>> > > > I too enjoyed your post and chart. Also the use of "possible
>> > high for
>> > the
>> > > > year" makes it a pretty safe call.
>> > > >
>> > > > On that basis, I think the possible high for the year may
>> not
>> > have yet been seen. We will let Mr. Market tell us.
>> > > >
>> > > > I would not be selling short just yet.
>> > > >
>> > > > Sincerely,
>> > > >
>> > > > John
>> > > >
>> > > > > Great work, much appreciated.
>> > > > > n
>> > > > >
>> > >
>> > >
>> > >
>> > > To unsubscribe from this group, send an email to:
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>> > >
>> > >
>> > >
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>> > >
>> > >
>> >
>> >
>> >
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>> >
>> >
>> >
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>>
>>
>>
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