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Clyde,
You are correct. The definition of a reversal is as
follows:
For a high pivot, the reversal is confirmed by a
close below the low of the bar with the highest high. For a low pivot, the
reversal is confirmed by the close above the high of the bar with the lowest
low. Prediction of the next reversal high or low must be posted with email date
of that day. And yes I am restricting the challenge to daily data as a matter of
practicality.
Jim
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, April 13, 2002 6:45
PM
Subject: Re: [RT] $1000.00
CHALLANGE
Jim,
For this to be a viable challenge you must
specify what is a "REVERSAL" for
purposes of this test.
The definition must be one for which an algorithm
can be written to detect all
reversals that are to be considered and such must
be a reasonable
approach to determining such
reversals.
Until this definition exists then it would be
foolish to begin to try to predict
undefined reversals.
From your post it would seem that you are looking
at daily data. Is that a
correct assumption or are other time intervals
for price measurement
to be considered.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
- - - - - - - - - - - - - - - - - - - - - - - - -
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style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jim White
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, April 13, 2002 8:36
PM
Subject: [RT] $1000.00 CHALLANGE
Perhaps my challenge went unnoticed. I believe
that predicting the price of a reversal is not possible. If anyone can prove
a method that will predict the reversal price of a market within 50% of the
five day average range, 80% % of the time . I will pay you $1000.00. The
rules are simple. Predict ahead of time by this list the reversal price for
100 observations and have 80 % or more within actual reversal price
+/- 25% of average daily range. Are there any takers?
Jim
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