|
PureBytes Links
Trading Reference Links
|
Thought this might be of interest to the crystal ball types. Gilbert Raff
wrote a book titled "Trading the Regression Channel". In chapter 5 he laid
out a concept of intersecting regression channels. The contention is that
regression lines and channels from years back have an influence on current
support and resistance. Inaddition, the intersections of the regression
channel lines also are target points. One idea is to start a new
regression channel when price touches or comes close to touching a channel
line and reverses so that it becomes a significant swing point. Out of
curiosity here is a reconstruction of the study using the SPX from 1994 and
some amateurish projections detailed on the chart. A long term chart is
attached on this post. A short term one is on the next post for those who
are on aol and can only receive one attachment per email and because of rt
byte limitations.
BobR
Attachment Converted: "c:\eudora\attach\raphreg.gif"
|