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----- Original Message -----
From: scheier <scheier@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, October 08, 1999 2:17 PM
Subject: Re: sugar "fib" boxes
> 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
> >
> > --------------------------------------------------------------------
> > Name: 108sbh3.gif
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> > Encoding: base64
> >
> > Name: 108sbh4.gif
> > 108sbh4.gif Type: GIF Image (image/gif)
> > Encoding: base64
>
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