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.
