|
PureBytes Links
Trading Reference Links
|
Hello Ira Clyde
my profit index suggests that if long exit your longs on close fri
my statistics sugests that tomorrow sp will make a higher hi before turning down
(there is an 80% probability of a higher hi)
and as for a sell,
the long term trading is suggesting that for now there is a max upside of 20-40 points,,
but, the max down is 80-100
nice week
Ben
----- Original Message -----
From: Ira
Date: Sunday, August 26, 2007 6:32 pm
Subject: Re: [RT] 88 Years of DJIA history -- the good and the bad
To: realtraders@xxxxxxxxxxxxxxx
> My monthly chart shows downside pressure and divergence at the
> high. Even though these are negatives the Weekly and Daily show
> upside pressure. the daily chart indicator is over extended
> which indicates that there should be a couple of days of
> horizontal or downside price action.
>
> Just one man's opinion,
> Ira
> www.thetradersguide.net
>
>
> ----- Original Message -----
> From: Clyde Lee
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Sunday, August 26, 2007 1:45 PM
> Subject: [RT] 88 Years of DJIA history -- the good and the bad
>
>
>
> Just for new readers:
>
> The Tradestation indicator called The SwingMachine is given
> a specification for detection of pivot (turning) points and keeps
> tract of all such points (in time and price) for the entire period
> of the chart on which it is applied.
>
> Price is kept in terms of percent of current price so that a
> proper average/estimate can be made at any point in time
> thereafter.
>
> The attached shows to most optimistic and most pessimistic
> views that can be accumulated from the 88 years of weekly
> data that was analyzed.
>
> Remember this is nothing but a representation of what has
> happened in the past. For those that think the market tends
> to repeat patterns of price this is an excellent study.
>
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> - - - - -
> Clyde Lee phone: 713.783.9540
> SYTECH Corporation
> 7910 Westglen, Suite 105
> Houston, TX 77063 fax: 713.783.1092
> WebSite: www.theswingmachine.com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> - - - - -
>
>
>
>
__._,_.___
![]()
__,_._,___
|