SP/MIB and Bradley Siderograph: did it work this year?
Source: http://www.g2trader.com/index.php?option=com_contentview=articleid=56:sapmib-and-bradley-siderograph-did-it-work-this-yearcatid=8:researchItemid=18Posted on Sunday, December 14th, 2008 | In Market Commentary
One year has gone, and now we try to discover the relationship between the Bradley Siderograph turning point model and S&P/MIB trend.
Chart shows one year of S&P/MIB with a daily timeframe. I put in evidence the Bradley Siderograph dates showing also the tolerance (more or less 4 trading days). As you can see from the chart, this year the turning points predicted by the Bradley Siderograph are very rare, and precisely: 3/8-9, 4/27, 9/9 and 9/20 (very close one another). The most important turning points (12/22 and 6/7) have been missed, completely. In conclusion, S&P/MIB and Bradley Siderograph relationship this year was a real hoax. Maybe next year it will be more accurate and precise. Consider that Bradley Siderograph was invented by Donald A. Bradley during 1947 in his work “Stock Market Prediction – The Planetary Barometer and How to Use It” (Llewellyn Publications). He gave some hints, but the right formula for his Siderograph chart was never written and explained very well. Hence, a lot of interpretations started to appear and now we have two major Bradley Models: Amanita (www.amanita.at) and RoseCast (www.rosecast.com). Furthermore, there are some financial analysts that have different interpretations on Bradley Siderograph turning points prediction. For example, my friend Fabio Longo (www.fabiolongo.com/borsa/siderografo.html) considers that the valid turning dates are only the ones where we have a divergence between the index and the Bradley Siderograph, and this year this interpretation seems to be correct.
H.F.L.
Last 5 posts by Graziano Nanetti
- SP/MIB: go down, nice and slow ... - February 17th, 2009
- SP/MIB: the nightmare will go on - January 24th, 2009
- SP/MIB: where do we go - hypo 2 - December 20th, 2008
- SP500: bull trapped? - December 6th, 2008
- Financial Markets Open on Sunday! - November 30th, 2008
Bradley Models;, Bradley Siderograph;, Donald A. Bradley;, Fabio Longo;, g squared, Market Commentary, www.amanita.at;, www.fabiolongo.com/borsa/siderografo.html;, www.rosecast.com;
Graziano Nanetti is an independent analyst and has years of experience in technical analysis for stocks and indexes. G Squared is born from an idea of Graziano Luciano and Graziano Nanetti, founders of G Squared.
Previously, Graziano Nanetti was the author of the financial blog RNE Trading. His blog expanded to include more detailed contents about markets and to publish the great material he received from Graziano Luciano.
Now, G Squared is aimed at pubblishing open minded financial articles about few major indexes (S&P500, S&P/MIB, Nasdaq100) belonging to financial international markets.
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.