Physics and Engineering in Stock Market TA
In this Sunday's update, Terry Laundry, former Marine & radar engineer, discusses the market's current resting place near 1100 and compares it to a Lagrangian Point, named after the Italian-French mathematician who pointed it out, Joseph Louis Lagrange (1736-1813).
http://en.wikipedia....agrangian_point
He thinks that since the market could not crash on Friday's bad news, that the market can hold this area, but any rally will be a bear market rally with a maximum top around the 1157 (and falling) envelope top..
T THEORY Update August 1st:
Audio Commentary:
Chart: http://ttheory.typep...20100730pdf.pdf
Commentary on Inflation vs Deflation: (He thinks here's a lot of "CROOKERY" going on in here based on recent effort in the news to talk down bonds and talk up stocks and the economy by paid market shills and Charlatans.)
And while the engineers have the spotlight, check out the McClellan Learning Center.
It offers some interesting articles, including one from last week on the VIX and it's relationship to dimpled golf balls and air flow, smooth and layered or rough and volatile.
http://www.mcoscilla...ting_facsimile/
Edited by Rogerdodger, 01 August 2010 - 04:04 PM.