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In a message dated 98-07-11 22:13:07 EDT, you write:
<< What this means to me is that an fdate predicts:
1) A "top" which is higher than the previous day and where the high is not
violated for the next three days, or...
2) A "bottom" which is lower than the previous day and where the low is not
violated for the next three days, or...
3) A day which is one day prior to, or one day following EITHER #1 or #2
above.>>
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Richard:
I am not an Fdate subscriber either but only because I daytrade the S&P. If I
ever hold a position overnight again, I will probably be a subscriber. First,
if I know that a certain date is likely to be a top that will not be broken
for the next 3 days then I have a TREMENDOUS trading advantage. Same for a
low.
Next comes the timing of an fdate. If the turn occurs on the exact date, I
have the 3 day advantage that I mentioned (or only 2 days if I am conservative
and require the next day to prove itself). If the turn is 1 day before the
actual fdate, then I may only have 1-2 days where I have a trading advantage.
If the turn occurs 1 day after the fdate, I have the 3 days of trading
advantage AND the direction of the market during that time. If I had this
type of advantage in the casinos for blackjack, I would be barred from every
casino on earth.
The fdate service does not stop with the selection of a date. The analysis of
each type of price pattern at an fdate is probably just as useful as the dates
themselves. In fact, these techniques for entering a trade are worth the
price of the service to many. I have often wondered why these techniques were
made available for free to subscribers but it is the key to the success of the
program IN MY OPINION.
The reason I say this is that I have seen hundreds of traders who traded off a
timing projection, were exactly correct on the date and yet failed to make a
profit. Same thing for traders who use pivot prices, support or resistance
lines, Gann lines etc. The fdates service teaches how to trade using the
fdate information and this is a rare occurrence and a valuable part of the
service.
Last is something not mentioned in your analysis. The fdates have been
combined with cycle dates to give a unique perspective to the fdates and
whether a major turning point is at hand. Many of the cycle dates are weekly
cycles and the fdate at or near the weekly cycles. I cannot give an opinion
since I have not evaluated these cycles and do not subscribe to the service.
Lynn
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