The magenta line signals the end of a move, which typically leads to a reversal. I posted the recent graph of the Dow with the signal color coded just for you. To be more specific the signals measure the eb and flow of crowd behavior by analysing the Hurst Exponent together with other variables.
OK But to paraphrase Warren on this one: "If I don't understand something, I don't use it to trade with". WB article JJ
If you mean that slot-machines that haven't paid off for a while are more likely to pay off soon than the ones that just hit the jackpot... you are wrong.
You don't buy puts in a rising market based on squiggly lines. Doesn't matter what kind of witchcraft you use. If it falls, you will proclaim your wisdom. If it rises, we will not hear from you again.
The guy posted his opinion and showed some charts with indicators explaining that opinion, and then answered the issues that were raised. You and the rest added nothing but insults, garbage and general negativity. No respect, no decorum, just a small cocky man behind the screen acting big and tough. I'll bet you never talk to anyone face to face like this, if you even have any social interaction at all, based on the amount of time that you obviously spend posting here. How hard could it be, if you are capable of it, to be respectful while injecting your own counter-opinions backed with some reasoning into the discussion? Your kind made this forum the cesspool that it has become.