Subject: Re: My new Program
lizgdal and bacon,

I just woke up from a nap during which I had a revelation. The question I should have been asking first is: What constitutes a new high? I googled it and decided that Robbie is looking at SPY from the present date back 251 days from the day in question and if SPY is the highest it has been over that interval it gets marked with a 1 else it gets marked with a 0. A years worth of zeros and ones are then averaged to calculate a percentage number. Another percentage number is similarly calculated for new lows and the difference in those two percentage numbers, if positive makes the NHNL signal itself 1 and if negative 0.

Please correct me if I'm wrong.

Larry