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Hi, Brooke,
Question:
Perhaps I am not reading the chart correctly but looking at the times where
T broke resistance in the prior months, they both happened to be at close to
the peak of the move. Could this be a contrary indicator<G>? or am I
looking at this incorrectly?
Thanks,
Bill
-----Original Message-----
From: Brookemail@xxxxxxx <Brookemail@xxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>;
ta-list@xxxxxxxxxxxxxx <ta-list@xxxxxxxxxxxxxx>
Date: Saturday, September 19, 1998 12:29 AM
Subject: T (AT&T) breaks resistance; SAR positive
>Folks: T (AT&T) is up nicely today. It broke resistance two days ago. The
>Metastock formula for Widner's resistance is:
>
>If(Ref(HIGH,-4)=HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS)
>
>The formula for support is:
>
>If(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),PREVIOUS)
>
>Note how Parabolic SAR also gave a buy signal for T on Sept. 8.
>
>I've attached a chart.
>
>Brooke
>
>
>
>
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