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Attached is the T-Note chart with both the support and resistance lines
drawn (what I term a "Stealth" Channel).
After pondering a way to better describe my "2 pivot point" method without
revealing the details, it is somewhat similar (in application, not
calculation) to one being able to completely define a normal curve when only
two inputs are provided, the mean and standard deviation. One can calculate
an infinite number of normal curves just as I can define an infinite number
of pricing curves with just 2 pivot points as inputs. The formula in
calculating the respective curves does not change, only the two inputs that
completely define the curves. Also, since I only use two inputs, there would
be no advantage to using nonlinear regression vs. linear regression. -
Brian
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