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ROSOW@xxxxxxx wrote:
> Walter et al. As I mentioned before a Positive Reversal happens when an
> oscillator such as the RSI has a lower valley low at the same time the price
> moves to a higher high. This was developed by Andrew Cardwell to use for
> price forecasting.
Maybe I haven't been following the thread closely enough, but I did
not see a reference to the development work by Cardwell. If you have
a reference, please post it (again?). I would like to read more
about the kernel of the idea.
> You label (3) oscillator pivots, (2) oscillator lows
> (A&B) and the highest oscillator high between points A&B (C). The Positive
> Reversal price projection formula goes as follows: (B-A) + C = Price
> projection/target. The price data associated with oscillator points A, B & C
> are the #'s you through into the above formula. I have attached a Dow weekly
> chart with (3) examples of Positive Reversals of which one may be taking
> place right now. Let me know what you all think - Lenny.
Can you trade in? In other words, have you back tested an implementation
of the system and shown a (test) profit?
Rod
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