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Hi Claude
What this post looks like, is Gann Lines, all increments of 100
divided by 8.
Murrey Math also follows the same method. However, I'm not too
convinced that these lines would have any predictive value.
Its like drawing enough random lines on the chart, and somewhere, you
would find support or resistance. However, the accuracy of the
frequency that these points provide support or resistance would make
it useful or redundant.
Gann Angles seem to satisfy that better than simple horizontal lines
drawn from a FIXED starting point.
If, for instance, my stock is trading at 101 and rising, does it mean
that it will receive resistance at 125, then at 150 and so on?
Not necessarily.
However Fibo levels I've found to be "better" targets to look at.
Maybe, in a couple of days, I will post a couple of charts to prove my
point.
And in fact, if anyone bothers to check up the archives, maybe about
two years ago, I HAD posted a projection for the downside of the
Nasdaq at 1007. No kudos to me, it was simply using the Fibonacci
numbers and simple math.
In fact the same type of method was very recently advocated in an
article in Tech Analysis of stocks and Commodities.
http://technical.traders.com/tradersonline/printdisplay.asp?art=941
I hope this link works.
All the best
Dusant
--- In Metastockusers@xxxxxxxxxxxxxxx, Claud Baruch <ClaudB@xxxx> wrote:
> DOR formula is:
>
> 0;
> 12.5;
> 25;
> 37.5;
> 50;
> 62.5;
> 75;
> 87.5;
> 100
>
> cb
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