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Ian,
The website is based on the Cycles work done by J.M. Hurst.
The thick black line that you are referring to is just a long term trend
line (probably calculated as either a simple moving average or a weighted
moving average). The key is the period. Since the work is based on Hurst,
it is probably an example of Hurst's nominal values of 80/40/20/20 week or
day depending on the chart. The chart above is probably used in conjunction
with this one, and that is probably where the value for the center line is
determined.
There is a great deal of work in getting through all of Hurst's book and
Course. I (and a few others) are working on it. There is also a group
working in Wealth Lab dealing with Hurst as well.
Hope this helps.
Blair
-----Original Message-----
From: Ian Waugh [mailto:ianwaugh@xxxxxxxxx]
Sent: May 20, 2003 2:51 PM
To: omega-list@xxxxxxxxxx
Cc: ianwaugh@xxxxxxxxxxxxxxxxxxx
Subject: Band-its...?
Could I please direct the curious and interested parties to the second
chart on this page http://mktcycles.com/faq.php and ask if anyone knows
what sort of indicators may be at work, particularly for the thick black
central trend line?
Thoughts on the other indicators also welcome.
Thank you.
Ian
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