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Has anyoine heard of this prediction tool?
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Has anyoine heard of this prediction tool?

  #1 (permalink)
Banned: Rude behavior
Chicago, Illinois
 
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Has anyoine heard of this prediction tool?

Back in the mid-80's a friend of mine in Reseda, Ca. used what HE called "chopsticks" to predict market movements, by using them on various market charts.

What his "chopsticks" were looked like a simple compass (pointer and pencil?) that were made out of 2 small dowels with were pointed on both ends and joined somewhere near the middle with a metal pin. Simply said - if you took a pair of 1/4 inch wood dowels and sharpened them then pined them together at a specific point near their middle you'd have what I'm talking about.

This simple tool can be used, with some degree of accuracy, to predict the limits of up and down movements in the market, when applied to various market charts. REALLY!

Trouble is I don't know at what point to join them!!!

Does anyone know about this cool little tool and can you tell me the ratio at where the pivot point should be on this tool? I'm sure than if my buddy knew about it that someone else HAS to know about it.

Thanks a BUNCH for any help on this.

Phil in Illinois


Last edited by Big Mike; January 17th, 2014 at 09:33 PM. Reason: removed email address, not allowed
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  #2 (permalink)
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  #3 (permalink)
Market Wizard
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Regression Channel


This is probably what he was using or something similar.
There are many variations.

https://futures.io/download/ninjatrader-7/indicators/1182-download.html?view

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  #4 (permalink)
Market Wizard
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more like dowsing rods Dowsing - Wikipedia, the free encyclopedia
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Last edited by cory; January 17th, 2014 at 08:25 PM.
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  #5 (permalink)
Banned: Rude behavior
Chicago, Illinois
 
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HUH???

I have NO idea what you're trying to show me. I said this was 2 wood dowels pinned together and you send me a link to a photo of a chart?

So what gives with that?

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  #6 (permalink)
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Ask your friend

You might get better reply results if you ask your friend to look on his compass and tell you the name of it. Then those who are curious can scan the web.
Cool pic Cory! :-)

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