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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Casaubon who wrote (65155)12/24/2000 12:45:22 AM
From: Gersh Avery  Respond to of 99985
 
"that chart amounts to the same smoke and mirror tricks "

Thanks .. I needed that!



To: Casaubon who wrote (65155)12/24/2000 9:02:51 PM
From: IndexTrader  Respond to of 99985
 
Casaubon,
I messed around with that technique you so dislike. I don't have time to do anything else tonight as am headed out for a party, but I took a 1929 chart and drew lines along the corrections. Notice how when they intersect in the future, there was in fact a turning point. Apparently this works much like Andrews pitchforks. I will have to mess around with it on a daily & weekly spx when I have time.
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