Arjunah, Excellent call. I was expecting 12320 (Basis YM Mar08) which it got to today. From here, I am in the "buy breaks" mode switching from sell rallies mode in my day trading. Hopefully your right translation idea will materialize for some profits on the long side, even though short sales usually provide gains quicker.
I don't quite understand what phasing means, (I think Airedale explained it. Still hazy about it). However it appears that following Hurst methods, two analysts can come to different conclusions from the same data set.
Thanks for sharing your work. Is 9M same as 40 Week, or does it have a cyclicality of its own?
Geo
