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SPX LONG TERM PROJECTION


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#1 mss

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Posted 04 September 2008 - 03:50 PM

:)

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-- for bring this type analysis back to the board. Please click on the link for his original analysis.

Below are the weekly and monthly charts using a slightly different "view" method.

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mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#2 dougie

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Posted 07 October 2008 - 05:22 PM

MSS ; can you comment a bit more on this charting?

#3 mss

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Posted 08 October 2008 - 08:50 AM

MSS ; can you comment a bit more on this charting?

There are a couple of ways to do this and the result is pretty much the same as long as whoever does it fully understands their technique.
This is the way I do it and it may or may not be the best way, but I understand it for my use. :)

I draw a line from the highest point of price, to the lowest point of price. (in this case the light blue line). Then I go to the future price point and draw a line starting at the highest price point. The two lines are equal in time and angle, parallel. If a logical channel can be drawn on the first price group and transfered to the second, I do that also. A TOP to TOP line is drawn and a parallel is drawn from the bottom of the first group. This technique can also be done comparing an up trend.
Hope this helps, if you want more I'll try to explain it better. :rolleyes:
best to you, mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#4 SilentOne

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Posted 09 October 2008 - 10:02 PM

hey scott,

Nice one! The overnight futures are basically there, but you got the year all wrong! I was buying the close today. Hope it doesn't hurt me too much in the a.m.

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cheers,

john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#5 SilentOne

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Posted 14 October 2008 - 09:45 AM

Well, took the trade on the open for a good gain. Buying on Friday was very opportune as well. Now we'll wait for the retest. My motto is to trade it. cheers, john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain