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
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.