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Walt Downs wrote:
>
> Here is a post of a few TREX levels to be watching:
>
> Dec SP500 968.29 867
> Dec Bean Oil 69.14 67.03
> Oct Platinum 432 410
> Dec Silver 484 440
>
> When watching these levels, remember that they are dynamic. If the
> market trades away from one, it is very likely that it will hit the
> other. Once a level is hit, it is very likely the market will head
> for the other level. (Although it might take a while in the SP :).
> Then again, maybe not......)
>
> I am still working on programming the short term TREX levels, and
> other stuff......
>
> Walt Downs
> CIS Trading
Walt, how does this differ from what you recently criticized about
Fibbergannie trading? Here, you are ALSO setting a SERIES of price
levels. On your previous post you showed having price levels such as
XXX.XX
XXX.XX
XXX.XX
as being a bad thing, but note your comments about TREX. "If the market
trades away from one, it is very likely that it will hit the other."
This is exactly how sup/res prices are dealt with in Fibbergannie
trading. We look for it to hit one price (the first one it comes to
heading in the direction of where and when we expect a CIT), and if it
goes thru it we look to it to turn on the next. Then confirm.
I'm not trying to dig this all up again, but I'm still finding it hard
to see where you are really breaking new ground here.
Thanks.
cheers!
:)
rick
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