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Hi folks,
Damn !~!
Just when you think that you you've
got a handle on this stuff, the market
takes off under your nose ... anyway,
all is not lost.
Next week, Uranus (ruler) of all things
electronic, internet, electric and hi-tech
goes direct on November 4th, 2002 ....
Now a couple of days ago, i started to
put together a chart ... ready for that
event ...
Today, the stock that i thought would
make a bottom next week (NTG on ASX),
actually jumped about 4 cents and stole
my thunder ... lol
It never ceases to amaze me how accurately
Gann lines can pick up trends over long
periods of time.
In the attached chart, we can see how the
Gann Lines generated from the day of NTG's
listing also served as support in today's
reversal, nearly 2 years on ...
Check out the chart, ... it has retraced
to 50% of its all-time high at $1.80, so
it came off a base here at 91, over the
past couple of days.
Likewise, with the upper Gann Line, also
generated from the price action on the
first trading day .... became significant
resistance at NTG's highs ......
This chart also shows the importance of
anniversaries ... take a look at what
happened, exactly one year from listing
on the ASX ... !~!
A simple chart, that says a lot ......
top trades
yogi
http://easy-trading-tools.00cd.com
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