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The following question from Hemi Williams is typical
of several I have received so I am posting an explanation
for all members. Trash it if you are not interested in
SwingMachine
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What do the lines projected after today's price mean?
Thanks
:-) Hemi Williams
h.williams@xxxxxxxxx
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ANSWER:
The horizontal line is the base line.
The upgoing vertical lines are ALL the upgoing
HISTORICAL
price differences in the next upgoing leg, and
the downgoing vertical lines are ALL the downgoing
HISTORICAL
price differences int the next downgoing leg.
The tighter the distribution the more reliable
the projections.
REMEMBER, THESE PRICE DIFFERENCES ARE DERIVED
FROM THE RATIO OF EACH LEG TO THE CLOSING PRICE
AT THE END OF THE LEG MULTIPLIED BY THE CURRENT
CLOSE so these lengths should be valid for NOW! ! !
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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