Exponential Trendlines and Nodes, seeds from 10/2002 through 10/2007 - $SPX

[Mark Lytle]

Haven't shown these for a while, these exponential trendlines are of a larger order and presumably more resilient then the micro trendlines I've been showing lately. These confirm the topping action suggested by other methods/ indicators. Note the .500 time node we happen to be at in the top chart... That's one of the important warnings in this system of trend change...

[BullBearGirl]

Great - thanks Mark. Although I think you should make a profit on this.

[Mark Lytle]

Cool...Feel free to ask any questions about it as they come up...I also have my main blog which you can find by Googling "Market Patterns and Charts". A lot of examples and quite a few people there who already have the book and ask questions...

[BullBearGirl]

I'm interested. I'll send you an email as soon as we are BB friends.

[Mark Lytle]

It's available now, 54 pages, some Algebra familiarity is good to have, and I send the two main spreadsheet templates by email after the book is confirmed delivered...If given an address I can mail it too, I will send it...I normally request $23.00 after delivery, to cover my costs...I'm not trying to make money on it, just offering a new tool for people to use to help compete...

[BullBearGirl]

Good for you, Mark. Be sure to let me know when your book becomes available.
BBG

[Mark Lytle]

Yes...

[BullBearGirl]

I had no idea that this is your own creation. That's really amazing. Are you saying that the book is one you wrote yourself?

[Mark Lytle]

That's a good question...the mathematics is of my own creation, and I have a small book available that documents the core of the method, and I have yet to come up with a marketing friendly name for the whole system. The core concept is basically Fibonacci corrected for (subjective) time distortions in the minds of traders caused by previous large magnitude tops or bottoms. It is based on Elliott Wave and I believe it to be an extension of it...

[BullBearGirl]

Oops - I'm so new to charting that I think I asked that question wrong. What I meant is I know there are charting methods like Elliott Wave, etc. and I'm wondering what the name of your charting method is. I'm not sure I'm using the right terminology.

[Mark Lytle]

Hi BullBearGirl,
I'm using the spreadsheet component of OpenOffice, which is the open source clone of Microsoft Office....