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In a message dated 98-09-20 01:46:41 EDT, prestonm@xxxxxxxxxxx writes:
> yes, i have set up TS correctly... i have had a few classes in P&F &
> have used them actively since 1962. the method i use ws taught in the
> 60's by earl blumenthal who at the time promoted some CHARTCRAFT
> products, but whose methon slightly differed from that used by M.Burke &
> co at CHARTCRAFT. CCRAFT has since adopted several of earl's reversal
> patterns and note them on technical indicators & industry group bullish
> % charts (which i get on their TECHNICAL INDICATOR REVIEW each 2
> weeks... suspect other products follow the same, but this in the only
> one i get (continuously for about 35 years now).
Forgot to note it in my earlier post, but you did confirm what I suspected.
When these rules(the ones about how to use the EOD data) were created, I
doubt that anyone even suspected that by today, we would have intraday data
available on a real time basis. EOD data was the only thing available.
Times change and rules that were good 30+ years ago, sometimes go by the
wayside.
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