Darvas's box method
#1
Posted 02 February 2007 - 04:15 AM
the target and +/- range of the SPX 40 wk price projection i posted on december 14 was 1490 +/- 24 pts. 1466 to 1514, also to be met in feb to mid march. achieving the high end of the range would be very bullish on a cyclic basis.
http://carlfutia.blogspot.com/
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
Posted 02 February 2007 - 09:13 AM
pinned
http://stockcharts.com/charts/candleglance...$DRG|C|D20
note the recent thrust in MCO
not exactly bearish
Edited by Vector, 02 February 2007 - 09:20 AM.
#3
Posted 02 February 2007 - 10:17 AM
Carl Futia's blog has some interesting methods. Nicholas Darvas's box method is one. Futia is looking for SPX cash to the 1512 area in the next two months applying that method.
the target and +/- range of the SPX 40 wk price projection i posted on december 14 was 1490 +/- 24 pts. 1466 to 1514, also to be met in feb to mid march. achieving the high end of the range would be very bullish on a cyclic basis.
http://carlfutia.blogspot.com/
Thanks for your previous response about the short-term cycle length.
#4
Posted 02 February 2007 - 12:27 PM
once this curls up in earnest ...
Edited by Vector, 02 February 2007 - 12:27 PM.
#5
Posted 02 February 2007 - 01:00 PM
Edited by pdx5, 02 February 2007 - 01:02 PM.