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Al,
Thanks for the chart. It looks like your green horizontal 7400
line held today, but I really think it will be tested again soon.
Jim
-----Original Message-----
From: Alton Stephens <astephen@xxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, August 31, 1998 9:13 PM
Subject: Greening
>Jim, see attached snap from Gann Trader. Next Dow support on weekly
chart
>is:
>
>The green horizontal 2/3 line at 7400 [intermediate support]
>
>the red horiz 5/8 line is at 7200 [strong support]
>
>the magenta 1x4 at 6775 [intermediate support]
>
>The horizontal red dashed line at 6550 is 50% retrace from July high
and Dec
>1994 low. This is major make or break support.
>
>Your 400 more points to next support is close to the first strong
support on
>my chart at 7200.
>
>The 1x2 and the 1x3 Gann angles have defined the uptrend since the
end of
>1994. If this week ends with the DJIA below the green 1x3 Gann
Angle, this
>will have been the most important Dow week since 1994 with the
possible
>exception of Jul 1996. If you extend the analysis back to 1987, this
week
>may even be more ominous. I speculate the green 1x3 angle or the
green 2/3
>horiz line will hold and may be the real significant support.
>
>
>
>
>
>Al Stephens
>astephen@xxxxxxxx
>
>> -----Original Message-----
>> From: owner-metastock@xxxxxxxxxxxxx
>> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
>> Sent: Monday, August 31, 1998 7:10 PM
>> To: metastock@xxxxxxxxxxxxx
>> Subject: Re: Weekly Pick
>>
>>
>> Harley,
>> I don't see any support for another 400 Dow points. Having
said
>> that, watch for the rally tomorrow <G>.
>>
>> Jim
>> -----Original Message-----
>> From: Harley Meyer <meyer@xxxxxxxxxxx>
>> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>> Cc: Alan Kwong <alankwong@xxxxxxxx>
>> Date: Monday, August 31, 1998 4:01 PM
>> Subject: Re: Weekly Pick
>>
>> ...........
>
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