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The question was raised earlier by about exiting the NASDAQ using fractals
on different time frames. I had already deleted the email and then started
thinking about it. Attached is a chart of a multitime period for the NDX
since my data was limited for the NASDAQ. 15 minutes in data1, hourly in
data2, daily in data3. The the PFE, polarized fractal efficiency ratio,
indicator is applied to each and overlayed in the same subgraph. As of
Thursday close it appears that an exit is developing as the 15 min PFE
crossed below the hourly and the daily. The Daily has already droped and
the hourly is dropping. So if a trader were exiting the NDX is a scale out
fashion he might be out a third to one half of his position. There are
various ways to calculate PFE and it comes up every now and then on RT. If
anyone has favorite code to share on this I would not mind adding it to my
inventory of such things.
Thanks,
BobR
Attachment Converted: "f:\eudora\attach\FRACTAL.gif"
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