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murrey math nonsense, as explained in a previous ati-list thread; read
cliff's comments below
TJ
if it sounds too good to be true, then it probably is
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From: "Tom" <planeacres@xxxxxxxxxxxxxxxx>
To: <cliffsch@xxxxxxx>, <ati@xxxxxxxxxx>
Subject: Re: S&P trading
Date: Sat, 21 Feb 1998 12:03:17 -0600
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Cliff,
You are correct, can't hardly miss. There you have it, another Gann
"man"
Murrey Math in action.
Thanks,
Tom
-----Original Message-----
From: Cliff Scheller <cliffsch@xxxxxxx>
To: Tom <planeacres@xxxxxxxxxxxxxxxx>; ati@xxxxxxxxxx <ati@xxxxxxxxxx>
Date: Saturday, February 21, 1998 11:43 AM
Subject: Re: S&P trading
On 20 Feb 98 at 10:42, Tom wrote:
> Divide the day into 8 equal parts. For the S&P session time of 405
> min. that would be 50.625 minutes for each 8th. On a 2min bar,
> that's 25.3125 bars (or 25bars for each 1/8th) On a 5 min bar,
> that's 10.125 bars (or 10bars for each 8th). Then divide each 1/8th
> in half, making it a 50% division of each 1/8th, (making it 16 time
> divisions to the day). You want to identify these separately from
> the 8ths. Watch them or test them, they will hit interday highs/lows
> within +/- 1bar. This can be done in TS with the "standard cycles"
> Icon and unclick the "arc" giving you vertical color of your choice
> lines for each 1/8th and it's 50% divisor.
>
> Use em with your favorite indicator, oscillator, etc. as a filter
> for entry on turnpoint reversals. Let me know what you think as a
> tool for intraday trading? See U Tom planeacres@xxxxxxxxxxxxxxxx
>
>
Tom,
you are fooling yourself with this one. Of course turns will occur at
plus or minus one bar. Virtually guaranteed, because you have made
it so by the constructions of your intervals. Run the numbers
yourself.
But it doesn't mean anything,
Cliff
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Compuquest, Inc. Fax: 630.830.0877
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<< snip a big ass murrey math ad with hypothetical track record >>
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