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With several posts on the subject of an upcoming turning date, find attached
a GIF graph of a simple accordion at work on a Nature's Pulse graph of the
Dow in 10 minute bars.
Obviously very short term, and although "sliding" this accordion around does
give other times, this "fit" seems to look the best.
The times are noted on the graph, Monday at 11:55, Tuesday at 10:30 and
Wednesday at 12:10.
The shorter the time frame I play with, the less accurate some of this
becomes, but occassionally as good results start coming in, I'm able to build
the very short term up into very successful daily projections.
Most of my preconceived expectation of market direction are invariably wrong.
I find it best to wait for confirmation from several sources. A strong
break "with conviction" through either of those trendlines would be an
excellent indication of the direction of this expected EP in my view.
Anyway, just for fun, here's a GIF.
Peter
Attachment Converted: "c:\eudora\attach\DOW1.gif"
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