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Here is one view of the Raff regression channel applied to the OEX. The basic
idea is the channel lines act as chaos attractors that price is drawn to and
where change in trends are likely to occur. This particular chart has four
channels with each starting at a significant low point that touched the lower
channel line. The data for the long blue channel started in 1/95 and ended in
1/98. Its lines were then extended to the right. The last channel(grey) was
started in 1/98 and intersected the blue channel on Friday. If the blue
channel data is updated to include up to Friday 3/20 then the intersection is
extended out to 3/27 with the OEX at 529.xx. See post following this one.
BobR
http://www.oextrader.com
Attachment Converted: "c:\eudora\attach\OEXREG1.gif"
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