I've been reading Terry for as long as I can remember. He's "sort of" right most of the time, but his ideas are a bit heady and not really meant to be specific "trading" advice. So, as with any advisor, no matter how smart they are, follow your own work first and foremost and use the outside advisors at your own risk.
MM, good point.
I post it because it is an interesting theory.
It is a work in progress and subject to a bit of interpretation which may be wrong.
I believe it may be just a different way of identifying the various repeating cycles and the way they often cluster.
His looking for a pullback to the 55ema seems to be only a guess based on past action during previous "Ts".
The fact that we haven't seen such a pullback in the SPX may speak to the current nature of the market itself.
Recently Terry did project a low near November election day, which we got, but it was not as deep as he thought.
It's interesting to compare it to
Airedale88's chart. Don't overlook that 4.5 year low at the bottom right.
Edited by Rogerdodger, 05 February 2007 - 10:55 AM.