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If you showed a Diamond formation, and it broke through to the
downside, wouldn't you measure the height, which is:
1552.87-1325.02=227.85
The breakdown point was @ 1417.28
1417.28-227.87=1189.43
1189.43 would be the approx. downside target, correct?
What we are going through right now is the snap-back before heading
back down?
Daniel.
Don't forget to vote. 50% of all US citizens don't vote. That means
your vote counts twice as much. Last year, only 33% of all US
citizens voted. That meant your (my) vote counted three times as
much. Heh.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Again will let the picture tell the story (SP1021.gif).
Whilst weekly benifitting from the trade, (buying when the SPX Sept,
13th and the {not shown on chart} Rising
Wedge fallout sells were both triggered) am still holding onto the
Nov00 Puts (strike 1500).
With the now double neckline Resistance @ 1417.28, and enclosed by the
Downtrend's falling wedge, then
a retest of Low 1305.79 is jet to be whitnessed (and depending on
downfall speed, most likely then is the right
time to part from trade).
Also:
-In the Chart am only 'accidently' catching 4 (!!) of List Subjects of
late into the one image
1. TA = Science* : -The Working (unvolumed) DIAMONDs + Diamond's
H+S's patterns
2. TA = Science* : -The Working (indicators) Buy+Sell signals
3. TA = Science* : -The Working (scientificly provable) Fractal
Retracements
4. TA = Science* : -The Working (tactics) Charting, Pattern
Reqocknising and Trend Channeling
-Many of my several System's SELL + NEG signals are still robustly
valid
-RSI has confirmed a 2nd Lower LOW for the IMT
(it still is a 2nd Higher LOW for the Long Term).
----------------------------------------------------------------------
TA = Science* : For more evidential science, see the below mails sent
this year to the List
----------------------------------------------------------------------
-S&P500 current + future TA outlook - mails
Date: Tue, 11 Apr 2000 07:38:30 Subject: Mother of all
Highs
Date: Sat, 15 Jul 2000 17:34:35 Subject: S&P and
contraire
Date: Sat, 21 Oct 2000 {this mail} Subject: Re: Advanced
Get versus MetaStocK
-NasdComp current + future TA outlook - mails
Date: Sun, 23 Apr 2000 17:36:15 Subject: Re: Mother of
all Highs
Date: Sat, 20 May 2000 12:43:12 Subject: Re: Nasdaq
charts/was Be Warned about Guru's
Date: Sat, 20 May 2000 23:56:34 Subject: Re: Mother of
all Highs
Date: Sun, 28 May 2000 21:50:03 Subject: Re: Mother of
all Highs
-DowINDU current + future TA outlook - mails
Date: Sun, 27 Feb 2000 02:39:04 Subject: RE: Being a
contrarian takes guts
Date: Sat, 15 Apr 2000 00:20:59 Subject: Re: Mother of
all Highs
Date: Sat, 15 Apr 2000 20:10:22 Subject: Re: Support
numbers
Date: Sun, 16 Apr 2000 01:49:20 Subject: Re: Mother of
all Highs
Date: Wed, 2 Aug 2000 01:03:16 Subject: Re: The
Dowdiamond, at last in full image
Date: Fri, 4 Aug 2000 00:27:35 Subject: Re:
Potential huge DOWDiamond?!
Date: Sat, 5 Aug 2000 02:11:27 Subject: Re: Potential
huge DOWDiamond?!
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
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