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Rakesh,
This sees the reversal a few days further out.
And for those that do not believe, I am buying very short
term (1 to 3 day) symbols that show good prospects of
quickly making a few bucks.
Clyde
----- Original Message -----
From: "Rakesh Sahgal" <rakeshsahgal@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 11, 2005 9:45 PM
Subject: Re: [RT] sp500 nasdaq
> Clyde,
>
> If not inconvenient can you please post the picture
> the Fourier based Hurst Channels are showing? Do they
> also show cause for concern?
>
> Thanks and Regards
>
>
> Rakesh
>
> --- Clyde Lee <clydelee@xxxxxxxxxx> wrote:
>
>> 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
>>
>>
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>
>
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