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Donald Thompson wrote:
> Clyde,
>
> In looking at the 9-2 wave phenomenon on the weekly basis. What does
> the distribution of the wave length from the low, look like? Or in
> other
> words the lenght from the beginning of the wave to the end.
>
> >From bins 1,2,3,4,5.....n weeks out?
> What is the standard deviation?
>
> I'm thinking that if this market is chugging at such momentum, perhaps
>
> it will reverse at two deviations from the mean? How many deviations
> from the mean are the waves that went a long... way.
>
> Don
Several years ago I did a study of all the patterns and combinations of
patterns
and accumulated all kind of statistics.
If it had been reliable I would have published it but only one pattern
had a very
definite predictative capability. 1 out of 10 ain't good enough.
Looking at the lengths AND the price termination of each of the current
legs
that are projected will give you a good idea of where the market is now
relative to what has happened in the past.
Other than that I am not sure we could do more.
Clyde
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