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A SwingMachine (TS2000i version) was made of the DJIA index
using data back to 1928.
We only used patterns which matched the last two occurring swing
index numbers from patterns generated from pivots using seven
bar analysis for turning points.
Projections were made using the most bullish and bearish third
of this set of swings.
The current projections are accomplished from a "FORCED" pivot
off the high a couple of sessions ago.
The unforced projections show from the previous pivot indicate
some more time (about a week or so) and price movement
(up to about 12000) before a turn is predicted.
Safety says to observe the forced projection BUT evaluate the more
recent downside projections and note that in all cases the prices
have turned at the more bullish of the projections.
If we are going down it does not look like for long.
Clyde
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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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To subscribe / unsubscribe from SwingMachine list
http://www.egroups.com/list/swingmachine/
After joining list the freeware SwingMachine program
(DOS Version) is available in the VAULT at:
http://www.egroups.com/list/swingmachine/
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Attachment Converted: "f:\eudora\attach\DJDA_O10200_7bar2mat3-13gr708sum.gif"
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