Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 677.62

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Feb 5 4:00 PM EST

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To: Chip McVickar who wrote (28857)	2/1/2012 11:51:59 PM
From: Joseph Silent	Read Replies (1) of 222979

Thanks for the comments Chip. >>> Most chart technical analysis has an Origin Yes. >>> So sure there's structure here, but whats the purpose...? Most people draw lines connecting tops to tops, bottoms to bottoms ..... standard practice. In my case, the orange lines satisfy that, but the black and green lines are more than that. They are derived from a pattern that is not shown and very long-term symmetries that surprise me. People who do not experiment would not see that. They would only see what they have learned to draw. We are conditioned by what we think and see, and if we are not habitual experimenters we will tend to see the same things (simple-minded generalisation, but I hope the idea is clear). Whether the symmetries I see are useful to anyone or not is an important question, but is also a separate question. My purpose is to look more closely at these symmetries and their relation to price. I don't think I can have a hope of understanding why it happens, but I'll keep watching. They are more than just remarkable .... . or else I would not be spending time drawing them painstakingly. They have not made made me any money, but there is value in study too, just as there is in breathing. :) >>> The orange line is what's called an Internal Trendline... it has an origin and purpose... to define resistance and support. Yes .... the orange lines were drawn in a standard way. When price moves into the orange area firmly, I'll be able to go back in time and look for symmetry, as in the case of the black and green. /J

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