July 2007 – T Theory® Update
July 30 Short Range T Update.
Use the link below to view the PDF image of the current blue volume oscillator and the S&P bars as the relate to my key three envelope reversal lines; the upper red dashed line currently at S&P 1561,the black dotted 55 day MA at 1509 and the lower green dashed line at 1456. A bottom should be forming this week.
When the volume oscillator failed to sustain the rising bottoms pattern previously generated as the S&P found a double bottom on the black 55 day MA then the possibility existed that a drop to the green bound at S&P 1456 would occur. This conclusion comes from what I called envelope theory which summarizes history as having a trend that can only jump from one of the three envelope lines to one of the other two. This is only approximately true for the exact levels noted in the chart, however it is universally true as a way to think of new trends because the option is only for two new outcomes, which you will eventually figure out with experience and help from other indicators.
This same pair of options exist once the bottom at the projected 1456-ish green line is confirmed by a rising bottoms pattern in the blue volume oscillator. Note that of Friday the oscillator is extremely low and a selling climax has probably occurred. More time is needed to confirm a typical rising bottom pattern which suggests the development of a bottom formation at the green line but for now let us assume it will develop within a week or week and a half as is normal of past oversold conditions.
Once the S&P bottom looks to have over-stayed its oversold position on the green level then it is clear that the next move must be up. Assuming there are on three stable known S&P levels approximated by my chart calculations, and the lower one is about to be exited, we can see the two remaining options 1509 and 1561 are both above so the opportunity presented is for buying or holding. Of course the question we all want to answer is whether the eventual outcome a month or two hence is only to the 55 day MA or more optimistically to the full bullish higher level state come Fall.
The answer is that we can only move one step at a time patiently awaiting the outcome of each step before trying to jump over two steps. The next week’s task is just to verify a bottom pattern can be seen in the volume oscillator,then focus on the quality of the assumed rally to the 55 day MA.
July 23 Short Range T Update.
Use the link below to view the PDF image of the current Short Range T’s progress to its projected late Fall market peak. The S&P has backed off probably due to Dow 14,000 jitters, but there is no reason for a more serious pullback to the 55 day Moving Average. It will be bullish for a breakout to the upside if the blue Volume Oscillator sustains its rising bottoms pattern by firming on Monday so as to indicate good buying power exists on the pullbacks.
July 16 Short Range T Update.
Use the link below to view the PDF image of the current Short Range T satisfactory progress to its projected late Fall market peak.
July 9 2007 Chart Update –
The recovery is progressing normally according to the current Short Range T. See the PDF link below for the updated chart.
July 2 Short Range T Chart Update
During July I will post an updated chart each Mondays of the current Short Range Ts projection of a continuing advance for the S&P (etc) into the late Fall. See this week’s chart at the PDF link below;
As to the coming week, we need to see the current basing at the 55 day exponential Moving Average hold corrections and that the rising oscillator bottoms pattern continues to set the stage for the projected advance.
My Envelope Theory provides the Bull vs Bear alternatives. In a Bull environment the basing will set the stage for a new advance that will carry to the upper envelope (Red) before the S&P becomes overbought. In a Bear environment the basing will fail and a new decline phase will carry the S&P to the lower envelope (Green) before the S&P becomes oversold.
The outcome will be apparent quite soon.
Terry Laundry
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Many thanks to Paula Burke for her permission to re-post Terry’s old T Theory® explanations. The period re-blogged on these pages are some of Terry Laundry’s best work and was published here from public domain.
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I claim no credit for the material found under T Theory® on this blog. All of this material is the creation of Terry Laundry and was downloaded from Terry’s free blog site (TypePad). I have created a mirror of Terry’s original material and now there is a second site containing Terry’s T Theory®. One or both of these websites hopefully will survive through time as Terry’s material is too important to be lost to the ravages of time. This site is simply a memorial to his lifetime work.
The page content re-blogged here is exactly as Terry created on his original webpages (saved on my computer with ScrapBook)). Nothing has been left out from the period Dec 2003 to June 2011. From Terry’s site, I made a lot of formatting changes, creating a more easily readable webpage appearance. The PDF chart duplicates of the JPEGs have been omitted for ease and speed of recreating Terry’s pages. References to PDF charts should be ignored (but no chart was left out).
After June 2011, Terry created a paid subscription website. None of that material is found here.
There were many many, many hours spent on this project; downloading Terry’s individual charts & audio files, followed by the uploading of Terry’s charts and audio to my WordPress blog library, after which I had to insert the uploaded material into my new T Theory® webpages (hopefully in the correct places). This was a dull and arduous project and I hope you enjoy it. I don’t believe there remains any more of Terry’s material in free domain, so my T Theory® project is probably finished. If I’ve missed something, you can leave me a comment.
If you find an uploaded reference error (chart or audio in the wrong place), please note the month and year of the webpage, plus the exact name of the referenced error file. Include any other info that will help me locate the problem file and where it occurs on the webpage. Leave a comment for me with the info and I’ll fix it.
Terry’s material is very long and will take many weeks for you to finish. Don’t hurry, it’s not a marathon and you will absorb more if you go through it at a reasonable rate. This is especially true for those who don’t invest in the T Theory® reference encyclopedia. The encyclopedia is a written reference for T Theory® and includes everything of importance for Terry’s T Theory®. Without the reference encyclopedia you must depend on your memory and Terry’s method carries some rules that you could easily violate. The encyclopedia also includes new information never seen on his website.
You are welcome to save any or all of my blog material to your computer. You also have my permission to re-blog my information, but you must (1) credit me and my blog in an obvious manner and (2) don’t change my material.
FYI – I find the best way to save a webpage is using “ScrapBook” (it’s an add-on for the FireFox browser). ScrapBook saves a webpage to your computer EXACTLY as it appears on the day you saved it. You can’t tell the difference between the internet webpage and your ScrapBook saved webpage. The saved pages are not pictures. Instead the pages consist of HTML and page functionality remains identical on your computer. There is also a second method for using ScrapBook, where you can save all of the webpages down to a defined link depth. This optional method means all links will function on your computer to the link depth specified (meaning you can click on links on your saved webpages and tunnel down into pages within pages). Saving the normal way will only save the top webpage but the links that exist could continue to function by taking you to the website on the internet instead of on your computer. But sometimes the linked website doesn’t exist anymore. I’ve had this happen on some very good webpages with unique information (they just disappear into the internet void). That’s a bummer when you lost some really good info and thus rose my need for ScrapBook. You can also filter the pages saved using the optional ScrapBook method, which can exclude all pages not coming directly from the specified website (filtering is recommended using this method otherwise you wind up with a LOT of useless stuff).
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