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Steve--
The first gif of the fib boxes was corrupted. Could you try sending another
copy?
Thanks
M Scheier
Steve Karnish wrote:
> Howard,
>
> Here's a couple of more "looks" at the sugar market. I use fib moving
> averages to define trading ranges and identify support and resistance. I'm
> always amazed by a couple of points:
> 1. Prices hate to travel through lines that are contrary to the price
> direction.
> 2. The more lines in a specific area, the stronger the support/resistance
> is and usually the narrower the range.
> 3. The lines do a great job of defining daily ranges.
>
> My momentum histograms suggest that the market is very oversold.
>
> If you want to be safe and late, trade the next upturn in the 13 day moving
> average. If you want to be early or anticipatory, use the fib retracements,
> other support help, and momentum oscillators.
>
> I continue to be long this market. I've been very fortunate to catch a
> great ride. I add on retracements and toss it too 'em when we hit obvious
> resistance areas. I'll tell my grandchildren, in a few years, how I bought
> sugar as low as 4.08.
>
> Steve Karnish
> Cedar Creek Trading
> http://www.stny.rr.com/abbracadabra/cybercast/
> ----- Original Message -----
> From: Howard Hopkins <hehohop@xxxxxxxxxxx>
> To: <kernish@xxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
> Sent: Friday, October 08, 1999 11:39 AM
> Subject: Re: sugar "fib" boxes
>
> > Steve,
> >
> > From the fib boxes do you project the next box to be drawn higher or
> lower?
> >
> > Howard
> >
> >
> > >From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
> > >Reply-To: "Steve Karnish" <kernish@xxxxxxxxxxxx>
> > >To: "List" <realtraders@xxxxxxxxxxxx>
> > >Subject: sugar "fib" boxes
> > >Date: Fri, 8 Oct 1999 11:29:55 -0700
> > >
> > >List.
> > >
> > >Trading ranges can, at times, be defined by the fibonacci retracement
> > >areas. Here's some box constructions based on the retracement levels.
> > >
> > >Steve Karnish
> > >CCT
> > >http://www.stny.rr.com/abbracadabra/cybercast/
> > ><< 108sbh2.gif >>
> > ><< 108sbh.gif >>
> >
> > ______________________________________________________
> > Get Your Private, Free Email at http://www.hotmail.com
>
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