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Hi Jim,
In the pattern, a swing-high is defined as a high with a lower high
on either side. A swing-low is defined as a low with a higher low
on either side. This is a classic and the simplest definition of
swing-highs and lows.
New highs in an upward trend and new lows in a downward trend are
subject to the rules of chaos in that their volatility makes them
less valid as the "simplest" point of defining trend.
Thus, classical swing-lows in an upward trend and classical swing-highs
in a downward trend represent the simplest form of the trend.
Walt
>
> Walt,
> While it is accepted that in your words "...the concept of the trend is a
> valid logic.", I would question your examples of the patterns you reference
> to support your contention that "patterns that balance mathematics and
> symbolism may provide stronger trading results than patterns that do not."
> In both examples you use a single outside bar as a defined swing pattern.
> This contradicts any definition of a swing that I am aware of. In the S&P
> example, the outside bar does not even represent a valid change in sentiment
> since the close is near the low of the bar and in the direction of the down
> trend. All it represents is probably some stop running during the day. Thus
> if you eliminate this misrepresentation of a swing, your pattern does not
> exist. Surly you have less questionable examples to support your contention.
> Secondly, I question your definition of the the logic of a trend in it's
> simplest form as being the progression of swing points. Wouldn't you call
> the series of higher highs in an upward leg of a swing pattern as a simpler
> definition of a trend?
> Jim
> ----- Original Message -----
> From: <walt@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, May 04, 2002 5:02 AM
> Subject: [RT] Mathematical and Symbolic Market Logic
>
> > Hi all,
> >
> > Atttached the attached .zip file, I've enclosed an article that is
> > soon to appear in several trading publications, along with some
> > theoretical trading results and a few charts to illustrate the
> > pattern.
> >
> > The article is based on certain inequalities that often exist in
> > trading systems or methodologies pertaining to the two ways in
> > which humans reason: Mathematically and/or symbolically.
> >
> > Let me know what you think.
> >
> > Walt
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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