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If we look at a 13 bar pivot detection we get a bit different
picture -- normal market -- and a couple of potentila reversal
points.
Clyde
----- Original Message -----
From: "Clyde Lee" <clydelee@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 11, 2005 9:34 PM
Subject: Re: [RT] sp500 nasdaq
> Let's talk about the "Yellow Brick Road".
>
> The fundamental elements underlying the concept of the "Yellow
> Brick Road" are closely related to Andrews concepts.
>
> EVERYTHING works about pivots that setup legs of swings
> in the market.
>
> Andrews has a very defined method of EXTENDING lines that are
> supposed to represent possible paths of price movement. However,
> as we know there are many modifications of these lines.
>
> The "Yellow Brick Road" is different in that there are no exceptions
> and no modifications of the approach. Simply project the path of
> the last high pivots and low pivots and that is the "road" for price
> paths.
>
> If all is well and markets are behaving properly then the projected
> lines will be similar to the lines of Andrews and we should see
> similar behavior.
>
> However, if we have very significant "divergences" in the directions
> of the PROJECTIONS forward of the "road" then we have real
> cause for caution and examination of possible reversal of the path
> that has recently been followed.
>
> We are now in one of those divergence zones ! ! ! !
>
> Clyde
>
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> Clyde Lee phone: 713.783.9540
> SYTECH Corporation
> 7910 Westglen, Suite 105
> Houston, TX 77063 fax: 713.783.1092
> WebSite: www.theswingmachine.com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
> ----- Original Message -----
> From: "Rakesh Sahgal" <rakeshsahgal@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, July 11, 2005 9:04 PM
> Subject: Re: [RT] sp500 nasdaq
>
>
>> Hi Ben,
>>
>> The Medianlines per the chart I had attached earlier
>> show this to be a place where there will be overhead
>> supply. For the past 3 days I have been watching the
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
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