S&P 500 Midas Trading Bands

(click to enlarge)

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Today's Chart is a combination of Midas and Gurdjieffian Octave (vibration) theory.  We get the trading range by dividing the "totality" (i.e. high of 1576 in October of last year) by 7 (because there are 7 intervals in the diatonic octave).  This gives a theoretical trading band range of 225 pts.  Next I start a Midas curve on the secondary high that occurred Oct 31st 2007.  That curve turns out to be note "la".  At each CIT I put a parallel offset and by the time the first low gets put in, I've got the (notes) levels all defined.  I'll shut up and let the chart speak for itself.