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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Jill who wrote (851)7/24/2001 7:38:53 PM
From: Vendit™  Read Replies (1) of 8752
 
I was still logged onto the hiker editor so please excuse the fact that I used your storage facility.<g>

The charts are not really on the page but are on that branch of angelfire’s server.

Re the 1-year chart, NASDAQ is hiking downhill for sure. The regression channels are something that I find of concern since they measure and show a fairly predictable future trend.

The math used to equate them is largely based on something that you have read several SI technicians post about which is the same equation that Elliot Wave Theory is based on. Elliot Wave Theory is somewhat subjective although the trend seems very clear in the 1-year comp chart. The L/R channels seem to smooth out and avoid mistakes that a technician who hand calculates waves would make.

Does this make sense?

If not, more on the theory;
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