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SPX weekly correct chart


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#1 AChartist

AChartist

    Tim

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Posted 06 December 2011 - 10:35 PM

this is the SPX week chart that is of short period correlation, meaning that it is

present cycles correlated for 1.0 period as opposed to a smoother filtering

of cycles that are correlated for 2.0 periods. It is will contain more transients.

All cycles that are good for 2.0 periods of course will be within the 1.0 period

correlation. The 1.0 period will contain a few more transients.

The nature of the weekly is mixed and scattered cycles, when the market is up

it tops some cycles and lowers the projection, when the market is down it

bottoms some cycles and allows a snapback, weekly is countering both extremes.

The longer 2.0 period weekly model is not this bad in one

sense, yet it finds that price well above the mean regression. It pretty sure

it's going down but it can go right a week or two first.


Therefore, the 195 minute ( of shorter periods less than 200 days ) is flatish for

3-4 days with two cycle lows on Monday ( probably meaning Friday low Monday night

gap up ). Then the 195 is up, alot, to Dec 22-23. Daily also contains some up cycles

available in the next week or two.


I do expect to be a little long on Friday.


We'll probably right translate this view of the weekly, because of the 195 minute

projection, and then drop abruptly directly after Christmas.



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