MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets

Special Starting Points—The Highest R and the Lowest S

When you launch an R curve from a high, the level of that curve will always be above any R curve launched from a later, lower price point. But that R curve, which we call the Primary Curve, is not the highest R curve associated with that price high. If you move the starting point somewhat back in time, the curve generated will soon break above the primary curve and remain above it thereafter. If you keep sliding the starting point further and further back in time, you'll be generating higher and higher R curves, until, eventually, by going back far enough, you'll start generating lower ones. So there is one launch point that generates the highest high R curve, and that's a significant curve, ...