Jan

28

Elephants, from Jim Sogi

January 28, 2010 |

 Elephants are doing the Lobogola thing. Nice London Bridge shape too. Here's a conundrum. Chair has rightly said that it is hard to quantify geometric chart patterns. Part of the reason is decimals do not easily describe geometric patterns, or even fractions for that matter accurately. That is why Pythagoras' discoveries about geometry were such a great breakthrough. This is why sines co sines are used with success to describe and predict geometric patterns. What algo easily describes a bridge, a set of waves, a triangle? Yet the eye easily see it. How do you catch a ball, throw it back. Its a complex math problem, but a kid can do it.

I suppose you could quantify a Lobogola, or a bridge pattern. I'll leave it as an exercise for the reader. The patterns just happened to catch my eye, and frankly took my breath away with its ferocity. I believe the movement and vol is good though. Its better than when the government tells us what the price is supposed to be and it just sits there without motion. I saw some cool triangles, flags, waves, head and shoulders also. My hypothesis is that these things are coming back. Old time stuff is coming back. The 50's and 60's are echoing back.


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