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--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Yuki,
> Be [technically] patient.
> Your wedge will exist when the ^N225 High will be below
> 10678=11,008.56-3%
> from the Jan9 peak.
> Until then it will be an hypothesis.
> Patterns need discipline, even when fully formated they are not
> reliable.
> Note also that, even if the Jan9 high will be a confirmed peak, the
> trendlines will look more as a // channel than as a wedge.
> We should wait one-two bars.
[Who knows if Jan15 Low will be the next trough...]
It seems more realistic now. Monday will be critical enough...
> Dimitris Tsokakis
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi Dimitris,
> >
> > Thursday, January 15, 2004, 6:00:58 PM, you wrote:
> >
> > DT> The ^N225 recent statistics [since May2003] have the next
candle
> > DT> inside the TEMA-Keltner bands, after a red candle. Shall we
see
> a
> > DT> bulish pivot in the next 1-2 bars ?
> >
> > Unfortunately, older ^225 data (even from the beginning of '03)
> > suggests this is not a very reliable next-bar or two predictor.
> >
> > Interesting times. We are now already (very slightly) negative on
> > this very short year, and we did it on very large volume.
> My 'wedge'
> > call is not out of the question yet. ^^_^^ That's one of the
> > frustrating things about chart patterns: they do resemble one
thing
> > one day, but sometimes a completely different thing 5 or 10 bars
> down
> > the road. We could have a flag here at the beginning of the year,
> > but it's not looking very pretty, and the volume should be drying
> up,
> > not staying heavy or expanding.
> >
> > Yuki
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