|
PureBytes Links
Trading Reference Links
|
Using the John Ehler's Hilbert Period ela in a recent TASC magazine the
period of the nyse advances minus declines makes an interesting picture.
The current period as of Monday close is 15 days. It cycles from a low of
bout 8 to a high of about 17.5. Instead of using (H+L)/2 in John's code use
the C of data2 - C of data3 where data2 is adv and data3 is decl. Then
making another plot of the Hilbert period using up volume minus down volume
reveals that the volume period can be out of sync with the issue period, i.e
start getting shorter before the issue period, like before corrections, etc.
Enjoy,
BobR
----- Original Message -----
From: "Ronald McEwan" <rmac@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, February 28, 2000 8:49 PM
Subject: [RT] Gen:Adv Dcl FFt
> I ran a Fourier Analysis of the daily NYSE advancing issues minus
> declining Issues to see if there were any useful component frequencies. I
> came up with a frequency of 78 days. If the holds out the market (S&P
> 500) will have a change of direction on or around May 30, 2000
>
> Ron McEwan
Attachment Converted: "f:\eudora\attach\ADcycle.gif"
|