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Reminds me of a quote I saw on Decision Point a few years back.
"Fish gotta swim, birds gotta fly, oscillators gotta oscillate."
Now we can add to that: cycles gotta cycle. Don't mean it's predictin'
nothin'.
Kent
----- Original Message -----
From: "Clyde Lee(SBCY)" <clydelee@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 04, 2003 10:46 PM
Subject: Re: [RT] Re: ES 1x3 P&F
Yes that is very typical.
The projection of the Hurst Channel is based on the best estimate
that we have from the current cycles that we see. Most of the
time we do NOT see the correct cycles until after some time has
elapsed so there is a tendency for there to be a searching for both
tops and bottoms. Don't we all ? ? ? ?
The attached shows the MEM analyses for June1, July1, and Aug 1
of 2002. It is quite clear that in June, the length that we thought
best for CMA computation was a lot shorter than it was in
August.
However, in all cases if we had observed the LOW RISK TRADE
philosophy and waited for prices to be below the lower channel
line and then reenter the channel we would not have missed
very much of the move (if any).
But,
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
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
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
----- Original Message -----
From: <bruce.larson@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 04, 2003 9:13 PM
Subject: [RT] Re: ES 1x3 P&F
> Was't that Hurst looking for a low from the end of June all the way
> to the 7/24 low last year?
>
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, "clydelee.com" <clydelee@xxxx>
> wrote:
> > Well let's look at a couple of possibilities for ES based on
> > analyses of the P&F chart.
> >
> > Gann will roll over in his grave but I still think Sq9 computations
> > for P&F is possible and demonstrated here. Whether it is correct
> > or not is up for grabs.
> >
> > Hurst channel definitely says we are near a fairly decent bottom.
> >
> > This is 24 hour stuff but thanks to P&F makes reasonable sense
> > insofar as direction, momentum, and duration.
> >
> > Clyde
> >
> >
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > Clyde Lee Chairman/CEO (Home of SwingMachine)
> > SYTECH Corporation email: clydelee@xxxx
> > 7910 Westglen, Suite 105 Office: (713) 783-9540
> > Houston, TX 77063 Fax: (713) 783-1092
> > Details at: www.theswingmachine.com
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
>
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>
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