Same Launch Point, Different Timeframes

If MIDAS curves are started from the same date on two different timeframe charts, for instance a daily bars chart and a weekly bars chart, are they the same curve? To illustrate this question, let's see how it illuminates what at first seems like a problem. Figure 2.13 is the daily bars chart of Aetna, ticker AET, as it came up from the March 2009 low. The curve is the S curve launched from that low. Notice how that large black candle in late April forcefully breaks through the curve, but thereafter price goes no lower. This seemingly contradicts one of the basic principles of MIDAS S/R curves, which is that when price definitively penetrates a curve, it shows a lot of force behind that move, and price ...

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