Well,if we did an analysis of Wave A = Wave C, we get 1158.
If C = .618 of A, I get 1048, which we've already passed through.
If C = .786 of A, I get 1097.
These are the normal Fibonacci targets...
Of course, as I post this, the market looks like it's making a top (the candlestick looks right), so we'll see what happens....
I am noticing this morning that I have an exponential trendline at 1075, and the weekly upper Bollinger Band is at 1076, so there is a lot of resistance here...
On the chart set I did yesterday, on the middle chart, it's the ascending Blue line, that's at 1075 this morning, and the high for the day so far has been 1074.77.
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Questions Regarding book_regress2, and $SPX1_Inner_wave_regress2 Spreadsheets
1. 96 pairs of date and price appears to be maximum. I added more, but they were ignored?
2. On choosing data pairs, one can use StockCharts values that are 'labeled'.
Anyhow, I worked through some of your data pairs in the SPX data and they seemed to confirm that?
Would that be a reasonable way to approach collecting data? StockCharts daily, for one month, or longer, and use the labeled pairs.
3. I took the SPX data that had ended at 08/28/09 and added an 08/31 low and 09/17 high, then repeated the 09/17 pairs through to the end (96 pairs).
4. Further wondered if it would be reasonable to find Start, Wave A (Earlier Wave), Wave C (Final Wave).
Then use Yahoo to gather daily, weekly, or monthly data from point C on - not picking off highs and lows, but using all close points. Have you tried this - or would it invalidate your equations?
5. Don't understand why the last pair is repeated to the end. Seems like it would compromise the end of
the plot.
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