Friday, August 2, 2013

Understanding the EchoVector Pivot Point, and Its Utility In Market Price Path Analysis And Forecasting

The EchoVector Pivot Point Calculation is a fundamentally different and more advanced calculation than the traditional pivot point calculation. 

The "EchoVector Pivot Point" Calculation differs from traditional and otherwise relatively simple "pivot point" calculations by reflecting potentially powerful influences and aspects of a given and specified cyclical price pattern reference, and aspects of this pattern's significance and information, within the echovector pivot point calculation. 

Aspects of this cyclical price pattern and reference, and its significance, influence, and information is included in the calculations and constructions of the echovector and its respective coordinate forecast echovectors, as well as in the calculation of the related and projected forecast echovector pivot points thereby also derived.

While a traditional pivot point calculations may use simple price averages of prior price highs, lows and closes to calculate its set of support and resistance levels, the EchoVector Pivot Point Calculation begins with 

(1) Any starting time and price point A, and 
(2) any respective cyclical time frame reference length X, and then identifies the 
(3) corresponding “Echo-Back-Date-Time-And-Price-Point” within X's cyclical time frame reference length that coordinates with the starting reference price and time point A, designating this Echo-Back-Date-Time-And-Price-Point, EBDTPP, as point B.  It then 
(4) calculates the echovector (X-EV) generated by the starting reference time/price point A and the echo-back-time-and-price-point B, forming EchoVector X-EV specifically as EchoVector XEV-BA. Then it identifies and associates the accompanying 
(5) Constellation of Coordinate Forecast EchoVector Origins (COO) derived from the prior price pattern 
(6) evidenced around echovector X-EV-BA's echo-back-date-time-and price-point B which 
(7) occurred within a certain pre-selected and specified range (time and/or price version) from B, this range occurring also within the particular referenced cyclical time-frame and period X of echovector X-EV-BA. This specified and pre-defined range from EBDTPP B of echovector X-EV-BA for the occurrence of the constellation of coordinate forecast echovector origins, point C's to take place, for any specific value of X, is called Range C of X of X-EV-BA. The constellation of origins represent 
(8) significant scope relative pivot points and flex points occurring around the EBDTPP B of X-EV-BA within the defined Constellation Range C.  
(9) Each specific origin identified within the constellation is referred to as a point C. The constellation of origins within Range C of echovector X-EV-BA's EBDTPP B is called COO, and is comprised of these specifically identified and significant point C's.  Any point C origin discovered occurring in Range C of B represents the beginning of a
(10) Coordinate Forecast EchoVector, X-CFEV, and its 
(11) parallel construction to X-EV-BA. The then projected endpoint of any Coordinate Forecast EchoVector X-CFEV of X-EV-BA for any Security I's initial starting reference echovector price and time market price point print A is a projected potential forecast
(12) echovector pivot point of A.  
(13) An EchoVector Pivot Point may be referred to an EVPP, or PPP, or PP, or simply as P. In the definition the three latter references may colloquially designate "projected pivot point, price pivot point, potential pivot point, projected pivot price, potential pivot price, pivot point, projected pivot, potential pivot, pivot price, projected price, price point, price pivot, and pivot."  For purposes here, we will use the P designation to refer to echovector pivot point.
(14) In the expression X-EV-BA--COO--RC--C, CO refers to the Constellation of Origins, B refers to echovector X-EV-BA's EBDTPP B to which the constellation relates, and C refers to any specifically identified coordinate forecast echovector's origin occurring, discovered, and derived within the constellation of origins of B that occurs within Range C of the price track of X-EV-BA, and RC refers to the specified Range C of COO,  and X refers to the designated cycle time length of the echovector X-EV-BA.  EV stands for echovector. And A refers to X-EV-BA's starting reference price and time market price point print.  Coordinate forecast echovector X-CFEV-C would begin at X-EV-BA--COO--RC--C.
(15) In the expression X-CFEV-CP, X refers to the designated cycle time length of the echovector X-EV-BA, and hence also to the designated cycle time length of the coordinate forecast echovector X-CFEV of X-EV-BA, and C refers to the X-CFEV's specifically identified coordinate forecast echovector's origin occurring, discovered, and derived within the constellation of origins of B that occurred within Range C of the price track of X-EV-BA, and P refers to the endpoint of X-CFEV-C
(16) EchoVector X-EV-BA would generate coordinate forecast echovector(s) X-CFEV-CP, as defined and specified by A, X, CO and its RC.  C minus B in time or price would equal that of P minus A. This is a very important algorithm and formula to note.  It represents the degree of the underlying time and price symmetry postulated in the forecast methodology.  And the corresponding symmetry postulate may be readily calculated, constructed, and geometrically illustrated in parallelogram.

EchoVector Pivot Points are therefore advanced and fluid calculations of projected and coordinate support and resistance levels following the starting reference price and time point A (endpoint) of the subject focus echovector, levels which are derived from ascending, descending and/or lateral coordinate support and resistance forecast echovectors calculated from particular range defined starting times and price points, related to the price points and time points of proximate scale and scope, and the relative pivoting action that followed the focus echovector's echo-back-date-time-and-price-point B, which relate to the focus echovector's starting reference time-point and price-point and the echovector's given and specified cyclically-based focus interest time-span length X, and the echovector's included slope relative momentum qualities, aspects, and measures.

The EchoVector Support and Resistance Vectors, again referred to as the Coordinate Forecast Echovectors, are, again, constructed by predefined relationship within historical price pattern recognition, and are used to generate the EchoVector Pivot Points.

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