tweaking livermore next-closing-low calls
It would seem that the technique (taking a closing high, computing its square root, subtracting 1 from the square root, then multiplying the (square root - 1) by itself) won't work while new closing highs are reached before the predicted next closing low.
There is just too much temporary safe-haven gold purchasing since the Standard and Poor's downgrading of US credit Friday, 2011-08-05.
I'm betting I can get the technique to work by waiting for a predicted closing low that is reached before a new closing high takes place.
Specifically:
* there was a high Wednesday, 2011-08-10 of $1795.40, then a predicted low of 1711,48 - but...
* there was a high Thursday, 2011-08-18 of 1824.90, then a predicted low of 1740.56 - but...
* there was a high Friday, 2011-08-19 of 1853.10, then a predicted low of 1768.20 - and I'm hoping for no more "but... there was a high..."
My money hopes so - it knows I don't like it showing it's the incredible shrinking currency of men and women.
Refer to http://squareofnine.blogspot.com
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