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Stick around a little longer, as you have just had to accidently witness
a program versions upgrade transition, which are somehow always
accompanied by the software's general+natural obstructions and other
habitats, which by the look of things, are finally well over now.
Have attached a look at the these last 2 months triangled but supported
at 9000 and 8650 DJI.
Other then and kind of different from Jim Greenings also succesfull and kindly
presented -"slightly unorganised" therefore too dynamic + creating confusion-
way of Channeling, eg from using the too many option choices in # SD levels
given and as SD is also far too static and as it is based on a users single
choice in either the Close,High,Low etc upose to using the High-Low as the
proper Trends' Range, eg I am refering to the Standard Deviation Channel,
which also, to top this of, is as extra made freely adjustable(?) and not set to
any of the Trends' in time self-developing fixed Lines or barrier borders points,
prefer to stick to my own way of MANUALY (until a program or fix has been made)
drawing the TrendChannels or TrendLines.
I use the somewhat by myselve -over the years- developped direct way
of Channeling, thus using the fixed barrier points Lines levels as the Price Trends'
borders, that will also enlighten better as to what is currently happening
(in striving for perfection).
Using previous but recently made Tops and Lows to draw any of the Channels'
paralell Resistance and Support Lines(=Channel) and when also using the Median
(=Stacked Tiled Channels, eg double or tripple channels placed on top of each
other after the Price has made succesfull break or fall outs), and from there on then
to Copy one of the most currently Obstruction giving (at the moment Resistance) Lines
to the opposite side, eg to a second Secondairy drawn parallel (at the moment Support)
Line, which also for shape has to be in the same direction and angle as the by the
user to be spotted Obstructing Line(Resistance), and then to place it at or (from
bottoms up) against the recently made lowest Lows, eg the reversal announcing
turnaround(s) barrier points.
This is also known as a Linear Regression Trend Channeling and is not to be
confused with any of the other (Channeling) Tools found in MS.
This is using the periods High-Low Range, the Support & Resistance reversal
points' levels, eg the in time by Price(=humans) developed natural barriers.
All of these special Channeling techniques and Channeling in general(Up, Down
and Horizontal) I have used in the past 10 years (also with great succes) as the
Short, Intermediate and Longer Term Channels' Support & Resistance, as well as
using these Channels in combination with some of the better equiped indicators,
like the RSI(currently going sideways with support at Horizontal bottoms @40-50,
sell has been triggered) and the CMO(currrently going down, sell has been triggered).
Some of the other aspects I rely on strongly are direct visable horizontal/vertical
Support and Resistance Levels(Floors&Ceilings, currently @9000 and @8650),
Price and Trend Patterns(currently a Diamond, a Triangle and a ST bearish H&Ss),
Waves(LT=Up), Divergences(were visable on RSI+CMO and are now being 'filled')
and Volume(currently a bit down, but was heavy in the 2 most recent ST UpTrends,
these also being part of the IMT UpTrend).
I also use a homebrew Current Strength-indicator (LJ-Houthakker) as my "lock on
the door" for when things do not to go "my way" or for entry starting points to enter
in on a position as well.
But in time have also had plenty of mistakes being made, some terrible mistakes too,
from inexperience at first and later on from not listening to the above.
The Market(DJI):
-H&Ss bearish Pattern is valid unless previous High of 9648 gets surpassed. Possible
Target of 10K+ can then be set(May99) according to the UpTrend Channels' Rising
Resistance Line, but for the moment 9800-9900 will then be more likely.
-If/When neckline gets downbroken(=bearish) a re-test of the former Low of 8465 is then
to be expected. This Low then also coincides with the Rising Mean or Median(the S&R
Line of the top+bottom IMT-channels).
-Else, and more likely, a bounce Up of from the neckline, now functioning as support and
also up of the also coinciding True support from the ST Rising Support Line can be
expected and another retest+breaking attempt of the very short-term resistance line
is then bound to happen. If/When succesfull, another retest will then take place, now of
the previous High 9648 level(=also the head+validity breakpoint in the H&Ss pattern).
Regards,
Ton Maas
ms-irb@xxxxxx
----- Original Message -----
From: Humphrey D Geiseb <okombahe@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: zondag 7 februari 1999 6:54
Subject: Bug in Metastock Discussion Forum?
>I have been lurking on this list for over 2 months. In this period, I
>have noticed that 95% of the time, posts on this list mainly concern
>downloader and data handling by MS. There are, however, few posts
>offering light at the end of the tunnel, such as JimG weekly posts and
>his help to newcomers with metastock strategies. Maybe its time to
>dedicate this list to Data management?
>_________________________________________________________
>DO YOU YAHOO!?
>Get your free @yahoo.com address at http://mail.yahoo.com
>
>
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