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Oddlot

07/08/12 10:54 PM

#47174 RE: techcharter #47173

Techcharter: add'l thought. There is a free app that uses Chebychev polys to isolate the trend. Just found it so no experience. This technique has the unique characteristic that the excursions from trend is minimized (absolute points, not squared deviations). As such, one could assume excursions against the trend but less than the prior max excursion would be a reasonable entry. Combined with your spectral forecasts, might be helpful. Current: uptrend began 2-3 days ago, and the recent pullback was within the experience (SPY, trend +/- 4Pts). Pretty wide range, but TA indications combined with the time series might work.

Good trades.
Oddlot