A Closer Look at the Very Long-Term
Figure 6.16 gives us a broad overview of this timeframe, but, in order to see the finer details in the behavior, let's shift from a yearly bars display to quarterly bars, shown in Figure 6.17.
On this chart are four very significant MIDAS S/R curves (S1, S2, S3, and R1), along with three horizontal support levels (H1, H2, and H3). Each of the S curves is launched from the beginning of a generational bulge. S1 is launched from the sharp low in the second quarter of 1877, the beginning of the Edwardian Generation's bulge, and goes on to support all four price pullbacks during that long bulge. That's quite a remarkable performance for an analytical technique that wasn't known until the late twentieth century! ...
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