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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (30116)10/4/1998 10:15:00 AM
From: GROUND ZERO™  Read Replies (3) of 94695
 
Bill,

#reply-5907509

Now you tell me? Just kidding, I don't think it would make any difference if I printed this on the front page of the Wall Street Journal as the greatest thing since sliced bread, people will do what they want to do, and I'm glad of it. I'm not trying to hype it or sell it, just sharing some info on what works for me.

Why 25? It seems to filter out near term noise, the minor zig zags that cause emotions to dominate our trading strategies. In other words, it ignores the minor zig zag corrections in the general overall trend and tells when a turn is imminent before it appears or becomes obvious on the chart.

At the same time, 25 days is still surefooted enough to call a turn before it happens. 25 days allows it to be quick enough to be both reliable and early without losing integrity for a valid signal. Also, there seems to be a general 25 day, or so, cycle which seems to fit here. Besides, it works. Heck, beats me.

GZ
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