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would make a good looking cup and handle
----- Original Message -----
From: "Clyde Lee" <clydelee@xxxxxxxxxx>
To: "Realtraders@xxxxxxxxxxxxxxx" <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, January 28, 2002 10:35 AM
Subject: [SM] SwingMachine and the DJIA
To set a frame of thinking for the coming weeks I have had the
SwingMachine perform an analysis of all swings of a 21 bar
detection length form 1940 until now.
What the system did is MATCH 3 consecutive pattern numbers
(in this case 8-0-6) and find the percentage changes in price
and the number of bars in the next two legs following these
matches.
The system averaged these data into 9 potential paths of prices
over the next few weeks and the results are shown in the
attached.
This analysis would conclude that we have not reached the
bottom of this leg of the market but that at worst we would
expect is probably somewhere in the 9300 range for some
time in the middle of Feb.
Clyde Lee
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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