[amibroker] Re: Predicting future turning points.

["bilbo0211" <wjdandreta@xxxxxxxxxx>]

Hi Dennis,

I think you missed the point of the CIT indicators. This is strictly a
time based indicator it is not a S/R point. It points to a specific
bar on which the trend should change direction.

The point where the 'trend' lines cross is usually not very close to
the price. It usually points to the exact bar where price changes trend.

That is why I said "it must be tapping into some underlying market
symmetry or cycle".

Look at the 3 examples drawn on the current NDX daily chart pointing
exactly to 3 pivot high bars (black lines) on the file I just posted
in the files section (changeInTrend1.png).

Bill


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