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Mikula Forecasting
Company: Trading Strategy #9
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Written by: Patrick Mikula CTA
Copyright (c)2003-06 by Patrick Mikula All Rights Reserved.
(Please to not copy or foreword this article).
Mikula Forecasting Company
P.O. Box 152672
Austin, TX 78715-2672
USA
www.MikulaForecasting.com
support@MikulaForecasting.com
====================
First Chart: Daily Time
Frame
Donald Bradley's Siderograph was developed in 1948 and has
stood the test of time as an indicator for the major stock
indexes. The Siderograph was developed for the DJIA but
works basically the same on the S&P500. The chart below
is a daily chart for the S&P500 and the Siderograph is
shown in the subchart. The major turns in the Siderograph
are marked by vertical pivot lines. Notice that the recent
major pivots in the Siderograph correlated with turns in the
market. The Siderograph pivots A, B and C correlated with
market bottoms. The Siderograph pivot D correlated with a
S&P500 market top. Notice that the next pivot in the
Siderograph at E, occurs in the next few days. This would
indicate that there is a higher than normal probability for
a market pivot to occur in the time window area seen on the
chart below.
MORE:
To see more of this article read the version
on the MarketWarrior
owners page.
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