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In a message dated 2/21/02 5:48:41 PM Eastern Standard Time, makkems@xxxxxxx writes:
Today is a Wednesday, a W-day. I predict today will be a turning point (+/- 2
days) for the stock market. I also predict a turning point on 2/28. However:
(a) this is also +/- 2 days
NO NEED TO DEBUNK DELTA.......merely use data that
combines 3 days data into a single bar. Now do your
calculations.
When I do it, I find that the "noise" is filtered out and
I get fairly well defined turn points.
Ofcourse, when it comes to acutally trading and the placement
of stops, I use the daily charts, but keeping in mind what the
3 day bars look like.
Gerryb/jer33:3
eccl 1:9
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