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This weekend I acquired a set of Dow Jones Industrial
data (daily - close only) dating back to 1900. To make
it useful in SwingMachine I modified SM to read close
only data and create High @ C*1.005 and Low @ C*.995
Using this data I ran the attached analysis.
A 9 day reversal was used which reduced the number
of swings during this 97 year period to 85 (following a
07 pattern).
I averaged these into 5 sets of projections (history).
Two sets (the green lines) are no longer appropriate
since prices have moved away from these projections.
That leaves 3 possibilities. On the attached .gif I have
noted the time to the next projected turn and the price
level at which that turn might occur.
Follow the coming daily prices and see how these 3
scenarios setup over the coming couple of weeks.
Clyde Lee
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Clyde Lee Chairman/CEO email: <clydelee@xxxxxxx>
SYTECH Corporation Work: (713) 783-9540
7910 Westglen, Suite 105 Fax: (713) 783-1092
Houston, TX 77063
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Attachment Converted: "c:\eudora\attach\djd91226.gif"
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