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At 07:42 PM 2/9/98 -0800, bobrabcd wrote:
>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:\PIPEPLUS\DOWNLOAD\raphreg.gif"
>
>
Bob,
I had to think about that one for a while. Now I really do endorse it
Those channels make long term sense to me.
Pete
petena9090@xxxxxxxxxxxxxx
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