New T missed by Laundry ?

Terry Laundry's saying his current short range T runs out today or tomorrow. I'm not clear on Laundry's rules for overlapping center posts, but anyone think this new mini T is valid? If it is, he seems to have overlooked it.

If somebody can explain to me why you would put that last 2 Ts where they are right now, I will be the believer of that theory... Otherwise, they look quite arbitrary to me... It is also interesting to note that the first two Ts did not last as long as they should've (perhaps the corresponding price highs did, I do not know)...

Edited by arbman, 09 March 2010 - 03:13 PM.

The graph is plotting the difference of two moving averages of advancing and declining volume on the NYSE. The green lines are apparent resistance, while the blue lines are apparent support. No pricing data is shown. The T's represent a change in trend of the indicator with comfirmation of the trend change being the breakout of the apparent resistance. The T defines the length of the market rally in terms of T theory 'time symmetry'.

Edited by borland, 09 March 2010 - 03:52 PM.

That "time symmetry" part that I do not get, where is exactly the symmetry when you don't get the symmetry in time? If it is helping you, great!

Terry Laundry's saying his current short range T runs out today or tomorrow. I'm not clear on Laundry's rules for overlapping center posts, but anyone think this new mini T is valid? If it is, he seems to have overlooked it.

Terry's rule regarding center posts - Left side of the T can not go past the center post of the preceding T.

None of your Ts violate the above rule and with more data you would have likely constructed the first T correctly (need data to at least March 2009). Terry's left side of your first T is the volume oscillator high in mid-march. This is the T that is predicting the first top about May 20th.

I'm not a T expert, just a follower. I first became familiar with Terry back in 1979 and still have a 10 page booklet published back then. In 1979 he called it the Magic T Theory.

Arb, Most all my trading is automated and short duration (swing to day), so Laundry's methods are only of interest to me due to its system trading aspects. About the symmetry, Laundry is saying that the time period from the peak of the volume oscillator (chart shown above) to the T center post, is equal to time to the price peak of the S&P500 (not shown). CL, Thanks for your comments.

Edited by borland, 09 March 2010 - 04:24 PM.

Arb,

Most all my trading is automated and short duration (swing to day), so Laundry's methods are only of interest to me due to its system trading aspects.

About the symmetry, Laundry is saying that the time period from the peak of the volume oscillator (chart shown above) to the T center post, is equal to time to the price peak of the S&P500 (not shown).

CL,

Thanks for your comments.

Terry is simply using a dominant cycle to forecast a peak. He begins with the first peak (left side of T) and then the low (center post) and then forecasts the second peak (right side of T). It appears to be a different way of seeing the dominant cycle and I love the simplicity.

Thank you! The T never made sense to me at all before. Now at least I know what it is trying to do.

Terry Laundry's saying his current short range T runs out today or tomorrow. I'm not clear on Laundry's rules for overlapping center posts, but anyone think this new mini T is valid? If it is, he seems to have overlooked it.

When does your new mini T call for a high? Just eyeballing here, it appears to be around March 22 or a bit before, which matches Terry's latest thinking.

Tim