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John,
You asked:
> I have looked at the various possibilities presented and seek an
> educational. Admittedly, the line you point out "right now" is headed
> lower into November. By the same token, if "right now" were read a few
> bars back a line would be going up into the 1150's.
What is presented here is no dreamed up relationship between prices
and time. What is presented is a representation of the historical
behavior of price and time for the past 30 years in the S&P Cash
market.
If there is a tendency for price/time relationships that existed in the
past to occur again (as many traders/investors think) then what this
does is provide a guide to potential movements. If price/time
relationships for one path begin to "fall apart" then it is time to
look to the next path as the possible direction. This approach
only provides a much more reliable "guess" at the direction of
the market in the future based on the behavior of the market in
the past.
No secret at all. Use a mathematical approach to picking pivot
points. Calculate the length of each leg between pivots and
calculate the ratio of the difference in price over that leg as a
ratio of price at that time. Keep all these data IN SEQUENCE
as occurred so that from any future pivot we can project what
the historical behavior has been. Sort these data into two sets
of data first by time interval and the second by price interval.
Break these sorted data into some reasonable number of sets
and average the selected sets. Present the results forward from
the last pivot.
History in the making.
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: <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <clydelee@xxxxxxxxxx>
Sent: Thursday, September 25, 2003 12:03 AM
Subject: [RT] Swing Machine
> OK,
>
> I have looked at the various possibilities presented and seek an
> educational. Admittedly, the line you point out "right now" is headed
> lower into November. By the same token, if "right now" were read a few
> bars back a line would be going up into the 1150's.
>
> So was the Swing Machine wrong a few bars back and right on track now. And
> how does one know which is correct?
>
> Please do not dismiss this as being picky. They are questions I have had
> for a long time and am willing to learn. And I am not looking for the
> wrath of Clyde since I believe this is a legit question that perhaps
> others either know the answer to or are afraid to show they do not know
> the answer.
>
> Sincerely,
>
> John
>
>
>
> > Don't have the foggiest idea who John's "Mr. Market" is or what
> > is the basis of his claim to fame.
> >
> > I do know what "The Swing Machine" is all about and am presenting an
> > analysis of daily data going back 30 years. This evaluates EVERY swing
> > of the selected magnitude over that period.
> >
> > Taking all these swings, using the time interval for and the price
> > interval of the first leg of each 3 leg set, data was averaged into 5
> > sets of averages which should represent what COULD be price/time paths
> > for the
> > SP 500 Cash market.
> >
> > Comments on the chart indicate which prices currently are following one
> > of the paths presented. You will notice there were two prior attempts
> > to top and both of these failed. No guarantee that this
> > one will not fail also.
> >
> > Let this play out and see where things go. Me, I ain't long ! ! !
> >
> > Clyde
> >
> > Most interesting thing I've seen (other than this) was Norman's
> > "spread". VERY VERY VERY VERY interesting. Gotta get time
> > to do that going back forever and see what things say. Thanks
> > Norman.
> >
> > cl
> > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > 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: Rhonda Guilbeaux
> > To: realtraders@xxxxxxxxxxxxxxx
> > Sent: Wednesday, September 24, 2003 8:51 PM
> > Subject: Re: [RT] Hurst 4 chart
> >
> >
> > Ben,
> > Price will lead the way.. and as of present time. a daily close below
> > 1019 has strong implications.. going forward.. weekly close below
> > it.. especially...
> > Best,
> > Rhonda
> > ----- Original Message -----
> > From: profitok
> > To: realtraders@xxxxxxxxxxxxxxx
> > Sent: Wednesday, September 24, 2003 8:48 PM
> > Subject: Re: [RT] Hurst 4 chart
> >
> >
> > Mr. market is calling for yearly high on 10/10/03
> > plus or minus 2 days
> > Ben
> > ----- Original Message -----
> > From: "Navtej S. Nandra (RR)" <nnandra@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, September 24, 2003 9:33 PM
> > Subject: Re: [RT] Hurst 4 chart
> >
> >
> > > John,
> > > Can't let a post like that go unnoticed! What are the
> > possibilities you
> > see
> > > "Mr. Market" making and why?
> > > Navtej
> > >
> > > ----- Original Message -----
> > > From: <jvc689@xxxxxxx>
> > >
> > >
> > > > Dear Rhonda,
> > > >
> > > > I too enjoyed your post and chart. Also the use of "possible
> > high for
> > the
> > > > year" makes it a pretty safe call.
> > > >
> > > > On that basis, I think the possible high for the year may not
> > have yet been seen. We will let Mr. Market tell us.
> > > >
> > > > I would not be selling short just yet.
> > > >
> > > > Sincerely,
> > > >
> > > > John
> > > >
> > > > > Great work, much appreciated.
> > > > > n
> > > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> > >
> > >
> >
> >
> >
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> >
> >
> >
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