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I am re-sending this as I never saw it posted and a lot of people
are asking the same question
>
>What in the heck are WDates???
>
Wow, I have opened a can of worms here !
My post was simply meant as a lighthearted parody of fdates :)
My "extremely accurate" W-dates are simply Wednesday-dates
as noted in my initial message, the blue bars on the chart are
simply Wednsdays ! No secret, no membership required to get
these highly accurate turning points. Although for those interested
I could setup a subscription based service where I would email
everyone Tuesday to advise them in advance that the following
day was a W-Date <G> ie: Wednesday :)
Using the exact rules of +/- 1 bar and the high / low not being violated
for 3 days following (Same as Fdate rules). Wednesday has a hit
rate of 80% or better !
Did I pick Wednesday at random ? NO
I ran tests on 20 years of historical data for many markets to arrive
at this conclusion. Monday & Friday had a hit rate of 50-60%
and Wednesday was consistently above 80% for all markets
tested.
Why did I do this ? To prove to myself and others that methods
such as fdates are no better than random.
Did I prove this ? I think so, who would have guessed that
using Wednesday as a pivot date using fdate rules would
give equal or better results ? :-)
What I did was setup a spreadsheet to identify ALL pivots
that met fdates rules. Example: there may have been 3000
pivots in a data file which met this criteria, 80% of these occured
on Wednesday +/- 1 bar. I found the results to be statistically
significant.
Previous examples of Bean Oil & Sp500 proved my findings
Attached is a chart of cocoa showing the same amazing
accuracy !
Attachment Converted: "c:\eudora\attach\Wdates3.gif"
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