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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1637)	11/17/1997 4:26:00 PM
From: Cage Rattler	Read Replies (2) \| Respond to of 5676

GZ: I have taken your instructions to last weeks Barron's -- specifically to the Dow graph found on page MW104. I connected April's low (A) with October's high (B) thus defining Line AB. I then bisected Line AB and labeled the point of bisection (X). I labeled February's high point (Y). Next I drew line YX connecting points Y and X and extended it to the right edge of the chart. Yes the line YX, when extended, intersects as you suggest and so does the second illustration, using August high and lows along with the October low. Reversing the procedure however is confounding. Shouldn't August's high been at the intersection of a similar projection? When I project a line from the August high back through the bisection of a line between February's high and April's low it heads to an estimated intersection point that, although not visibly plotted on Barron's chart, seems unreasonably low. Perhaps I am picking points for the wrong reason. My question is therefore, how do you know what points to use? What projection points are used to predict the LB, interest-rate turning points? Ciao, Ted