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Your chart shows a
trendline without any explanation or justification for it. To say that you
got it from a Gann indicator is insufficient.
<FONT face=Arial
size=2>
<FONT face=Arial
size=2>Lionel
<FONT face=Tahoma
size=2>-----Original Message-----From: yogi-in-oz@xxxxxxxxxxxx
[mailto:yogi-in-oz@xxxxxxxxxxxx] Sent: Thursday, October 31, 2002
7:06 AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Gann Lines,retracements & anniversaries .... NTG ... a
telco alert... ?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 <A
href="http://easy-trading-tools.00cd.com";>http://easy-trading-tools.00cd.com
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