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John's work is based on prior behavior of the market interpreted
through a set of rules which he applies.
The SwingMachine attempts to predict possible time and price targets
based on a similar concept with a different set of rules.
Many times the two methods confirm each other.
The attached "picture" is a detailed look at the current position of
the market and the anticipated position(s) based on historical data
taken from similar situations in the market.
At each pivot/turningpoint in the market the SwingMachine uses the
relative position of the current and the prior three TP/Pivots to
establish a PATTERN ID (a number from 0 to 9). The system then
searches all of the file that is loaded to find all TP/Pivots with the
same PATTERN ID. At these points the system records the time and price
lengths of the next leg.
After accumulating this information an analysis is made and a series
of projections of what the price and time lengths of the leg that is
underway is likely to be.
The projections indicated here are a bearish and a bullish projection
based on history. If the bulls hold then JOHN is CORRECT. If the
bears have grabbed the market then we can expect another sizable
drop over as many as three (3) more days.
ONLY THE MARKET WILL TELL ! ! ! !
These are the PROBABILITIES -- take action accordingly ! ! !
Clyde Lee
"G.John Boggio" wrote:
>
> Realtraders,
>
> As a follow up, the support levels on the S&P Sept Futures are approximately
> 137500-138000 (currently trading at 138870 at 3:20 PM EDT).
>
> John Boggio
>
> At 02:52 PM 7/20/99 -0400, G.John Boggio wrote:
> >Realtraders,
> >
> > Attached is a 15 min chart of the OEX. My short term work is indicating
> >that we are fast approaching a support zone in the market. This analysis
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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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Attachment Converted: "c:\eudora\attach\OEX-30_072099_25bar3-21sum.gif"
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