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Gwenn,
There is evidence that markets move in specific elements or levels. For the
DJIA the price increment is 240 points. 24 is the key number. We can
measure price advances in multiples of 24. in other words, 1 times 24 times
240 points, 2 times 24 times 240 points. Significant highs and lows can be
found near these numbers or 1/2 these numbers. Gann said when time and price
come together, change is eminent. I view the DJIA as approaching one of
those intersections.
For references on this information you may consult:
Jeanne Long's "Universal Clock"
Peter Plichta's "God's Secret Formula"
Gene Hurwitz's Exact Location Parameters
Market Profile References.
8/27 is the next pivot date calculated using a dynamic cycle analysis
explained on this forum several times in the past. Both the history of
forecasts and future dates have been posted.
My strategy is to let the market take me in to positions on these dates.
Market action confirms the pivot therefore the market tells me it sees the
red light, as you have put it.
Hope this helps.
Jim
----- Original Message -----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: 'Jim White' <jwhite43@xxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Thursday, August 26, 1999 1:33 AM
Subject: AW: DOW TOP
> Interesting.
> - What's a basic price element?
> - Why 48 times?
> - Why 08/27?
> - What happens if market doesn't see the red traffic light?
> I'd love to see a few of these concepts explained.
>
> Gwenn
>
>
> | -----Ursprungliche Nachricht-----
> | Von: Jim White [SMTP:jwhite43@xxxxxxx]
> | Gesendet am: Thursday, August 26, 1999 1:47 AM
> | An: realtraders@xxxxxxxxxxxx
> | Betreff: DOW TOP
> |
> | Those of you following my DJIA forecasts know the next turning point I
> | forecast is 8/27 -30. Other forecasting methods point to 9/1 to 9/2 as a
> | pivot point. I look for a top at 11520 on the DJIA cash. That is 48
times the
> | basic price element of 240 points. We should have a tradeable move down.
> | Let's see what happens.
> | Jim White
> | PIVOT Research & Trading Inc.
> | << Datei: ATT00016.html >>
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