Re: [RT] 88 Years of DJIA history -- the good and the bad

["Ira" <mr.ira@xxxxxxxxxxxxx>]

My monthly chart shows downside pressure and divergence at the high.  Even though these are negatives the Weekly and Daily show upside pressure.   the daily chart indicator is over extended which indicates that there should be a couple of days  of horizontal or downside price action. 

 

Just one man's opinion,

 Ira

www.thetradersguide.net

 

 

----- Original Message -----

From: Clyde Lee

To: realtraders@xxxxxxxxxxxxxxx

Sent: Sunday, August 26, 2007 1:45 PM

Subject: [RT] 88 Years of DJIA history -- the good and the bad

Just for new readers:

 

The Tradestation indicator called  The SwingMachine is given

a specification for detection of pivot (turning) points and keeps

tract of all such points (in time and price) for the entire period

of the chart on which it is applied.

 

Price is kept in terms of percent of current price so that a

proper average/estimate can be made at any point in time

thereafter.

 

The attached shows to most optimistic and most pessimistic

views that can be accumulated from the 88 years of weekly

data that was analyzed.

 

Remember this is nothing but a representation of what has

happened in the past.  For those that think the market tends

to repeat patterns of price this is an excellent study.

 

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Clyde Lee                 phone: 713.783.9540
SYTECH Corporation
7910 Westglen, Suite 105
Houston, TX  77063     fax: 713.783.1092
WebSite:       www.theswingmachine.com
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