Saw this potential 3PDh progressing today, so
thought I'd run the numbers. Did a nice job
of finding (at least) a bounce area, if not
a notable low of some degree. The Tri-Day method
was applied to daily charts by Lindsay I believe, and
was used to estimate the extent of bear market selloffs.
But, I've found some instances on weekly as well as intraday
where the formula provides impressive results. My
sample size is small as yet, but what I've seen is
very encouraging.
thought I'd run the numbers. Did a nice job
of finding (at least) a bounce area, if not
a notable low of some degree. The Tri-Day method
was applied to daily charts by Lindsay I believe, and
was used to estimate the extent of bear market selloffs.
But, I've found some instances on weekly as well as intraday
where the formula provides impressive results. My
sample size is small as yet, but what I've seen is
very encouraging.