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Glad you liked it. now drop a fib retracement from the low to the march
high to the right. Rember you could have done this 4 march, see the fib
levels setting major support for next 3 months?
I took a look at it there are many better matches.
Richard Estes
----
From: Gale A. Thompson <chemtex@xxxxxxxx>
To: Richard Estes <dick@xxxxxxxxxxx>
Cc: metastock-list@xxxxxxxxxxxxx; Peter Lim <kimheng@xxxxxxxxxxxx>
Date: Saturday, June 07, 1997 10:22 PM
Subject: Re: Murrey Maths & Metastock
Nice post Richard....
I put up EGRP in MS just for kicks and grins to try out the 16 day cycle
and the Gann Fan with the 52 week low. Everyone should look at this
one. It was the first stock I put up... Inspirational comes to mind...
-- Gt --
Richard Estes wrote:
>
> Suggestions:
>
> Using March 21 as start date set cycle lines at 16. see how close you
> come to major moves on stocks and indices.
>
> Start your Fan at 52 week low. or if you count waves at bottom of wave
> 2.
>
> If you are a part of silicon investor site. come in at the following
> and start reading the 1000s of TA posts.
>
> http://www.exchange2000.com/~wsapi/investor/stocktalk-32
>
> Richard Estes
>
> ----
> From: Peter Lim <kimheng@xxxxxxxxxxxx>
> To: metastock-list@xxxxxxxxxxxxx
> Date: Saturday, June 07, 1997 9:17 PM
> Subject: Murrey Maths & Metastock
>
> Admist the furor created by Murrey Maths, it would be revealing to see
> how
> Metastock can itself be used to analyze stocks following the method of
> Murrey. While Murrey methods seemed to suggest Gann, and if Murrey
> Maths is
> not an indicator by itself, perhaps it is time that someone can
> program the
> techniques of Murrey into one or more simple indicators or templates
> in
> Metastock so that anyone interested need not revert to the tedious
> task of
> hand charting but rely on the powerful cahrting and analysis abilities
> of
> Metastock.
>
> Herein lies the relevance of any stock analysis technique to
> Metastock-
> that it can be programmable to make things faster, convenient and
> accurate.
> As it is, the Murrey site with its charts looked interesting, and
> might be
> telling us something--if we look deeper and be more open. Murrey Maths
> is a
> process, much as other analysis tehniques and indicators are used in
> like
> manner. As Metastock users, we are concerned with outcomes--our
> trading
> bottom line. If Murrey Maths can help improve the lot of Metastock
> users,
> which on face value the charts on the Murrey site seemed to suggest,
> perhaps more dicussion is needed in an open manner typical of users of
> this
> list.
>
> Just my two cents worth of opinion,
>
> Peter Lim
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