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Strategies & Market Trends : The Player's Club

SPY 660.08

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Nov 18 4:00 PM EST

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To: Matthew L. Jones who wrote (3953)	1/7/2000 11:48:00 PM
From: John Pitera	Read Replies (1) of 11513

OK Matthew I'm with you now. yes in terms of working with impulse waves and corrective waves of price movement, if an impulse move occurs over say 13 mkt hours..... then a change in trend may occur 13 hours later or more likely 13 hrs * 1.618 or 21.034 hours later. (basis pit trading, for this example) impulse and corrective direction price pattern labels are one way of describing price movements, but I have a book from the early 1980's on equivolume charting.... that talks about the same phenomenon, in terms of impulse waves being ease of movement trends and this shows up on Equi volume charting....... I can do those with a couple of my software systems and I think I may try to use those to bring in an additional element of volume and how much volume it takes to move prices to a new level. In fact in the book, the author, had theories (and showed some of his research) about how much volume would occur in an advancing phase of the mkt and then how much in the subsequent pull-back or corrective phase. and what the total volume would be in a complete cycle from Low to Low. Naturally we would get progressions where in the next cycle the cumulative volume might grow by 1.618 or the prior cycle. That's a neat aspect of the mkt. The real question becomes one of integration of methods to give one time windows where the Balance of Evidence leans in a particular direction. I think that several of us here are using this forum as a type of Brainstorming and Refining Forum to try to enhance our Trading/Timing/Forecasting Abilities....as well as trying to show our friends some stuff they may not have seen, at least not in detail. John

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