This discussion turned into a
discussion of fixed period
"waves" based on a non-analytic
method.
I prefer an analytic method for
examining periods of
waves and use the Maximum Entropy
method to measure
these periods.
However, I take a simple approach for
fixed wave projections
and use a trading model based on fixed
Cosine waves and
trade at inflection points which are
optimized for lead/lag of
the fixed wave over a very long period
of time.
The attached pictures indicate that
MESA analysis says that
there are 82 month, 108 month, and 262
month LONG
period waves in the DJIA from 1921 to
now.
The results of each model and the
composite model are
shown in the attached
pictures.
Have fun ! ! !
Clyde
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