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Strategies & Market Trends : Raptor's Den II

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To: velociraptor_ who wrote (28)	4/11/2003 7:16:39 PM
From: John Madarasz	Read Replies (3) of 3432

I think the Bradley is being sorely misinterpreted by many. It is a chart which attempts to pick out market turns. What happens after that turn is up for debate as the Bradley is not designed to suggest magnitude of the move following a turn. Most are going to look at the current Bradley chart and see a significant low and then a huge up move following that turn.The correct interpretation is that April 11 is suggested to be a turn. That's it. You cannot assume it will be a low nor can one assume that the move following the turn will be huge or even that the turn is significant. Is there evidence to back this up? Sure... Exactly! Thanks for saying that. I have charts of 10 different models, 3 that I track very closly...and I've seen even more. It's very tough to try to convey reads to people that haven't really studied or read about the concept, or worked with it extensively. I've given up.... Good Trading

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