Yesterday was the easiest LT pattern which is described on the FAQ page: 'LT means "Local Top" relative to this scale and it is the resistance of a BRK zone because very often market makes a top just one resistance above the BRK zone. For example on that day it made a top theorically on the LT of SS2 at 9884.97 discounting the thrust on resistance at 9892 on FS1 (Future Scale 1) ' http://ecw.jexiste.fr/statistics/1/images/intraday_on_daily_scale_131103_for_141103.gif The case above is not the basic case wheras yesterday was the basic case as LT is just the next neighbour to Break zone
Does there exist any measured performance record for the Bradley Cycle? As I understand it, the Bradley is calculated by summing phase angles of the planetary orbits - i.e. it's basically a simplified astrology exercise. Astrology often correlates tantalizingly with what's actually going on, but it has so many variables that it's hard to filter signal out of noise. As the saying goes, even a broken clock will give the right time twice every day. By contrast, hard statistical methods can deliver real tradeable information, especially techniques based on ANOVA and probability theory such as the Random Walk Index and the Cynthia Kase indicators. Has anyone used these methods?
It had truncated the expected intraday top which rationally should have been 10602 rather <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=404793>
January 16th is the next turning point. SOX has retraced 50% of the downmove from the highs back in early 2000. VIX now down to 14.46 Above 1133 in the S&P Futures, next big level is not until the March 2002 peak at 1174.
This is in fact the "true" reason why 10592 was important because it was near the theorical seed wave (explained in my FAQ) for this new month at 10593 theorically: <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=406041>
Have your 1174 as wave 3 target on weekly scale (warning this is not elliott wave but "my" wave); nevertheless I don't follow SPX - only Dow - so I don't know the reliability. <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=406234>
harrytrader, I respect you a lot! And I like reading your posts here on ET,etc. You are a nice fella etc. But your predictions or whatever are just horrendous! Don't do predictions. It aint' worth it. Cuz NO ONE knows where the market will go. The gurus and Sornettes of the world can have fun doing all of their predictions they want. But it wouldn't matter jack. Just trade 'em!