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High or Low is determined by statistics. That is the basis of Ron's AMOSS.
BobR
At 08:44 PM 12/3/97 -0800, Peter Lim wrote:
>While the use of Fibonacci, Gann and Elliot wave techniques allow for one
>to forecast market turning points, it is intriguing to take it a step
>further to determine the direction of that turning point.
>
>So if a projection is run from a swing high, what techniques are available
>to know that the projection is pointing to a swing low and vice versa?
>
>The use of dynamic cycle ratios, and time clustering allow for one to know
>that a high probability of a turning point exists, but how is it possible
>to determine that the turning point is a low or high ?
>
>Regards
>
>Peter Lim
>
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