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> From: Rick Ratchford <ricrat@xxxxxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: mkt:Standard & Still Bored 500
> Date: Saturday, October 18, 1997 6:18 PM
>
>
>
> Now, assuming that 10/17 is indeed a turn day, we can at least note if it
> found support or not.
>
> Attached to this message find one of TTC's calculators used to solve for
> dynamic sup/res levels. Using a previous formation and calculating for
> 10/17, it appears that Level 3 has noted 934.20 as support. Considering
that
> the low on 10/17 was 935.25, this appears to be a resistive area for
prices.
>
> I'm only happy it made lower weekly prices to confirm my forecast. Now,
> prices should start to rise as I only expected ONE week of lower prices.
> Noting that Friday was the lowest day of the week and made the weekly
low, I
> can only ascertain from this that we have seen our bottom, and also Level
3
> of the calculation of this day must hold true. Otherwise, even if just
> Monday 10/20 made a lower low before moving up as I expect, it will
appear
> as a lower low week on the weekly chart and blow my one week only lower
low
> theory based on my cycle work. You can still trade it just one day off,
but
> that is besides the point in precision forecasting.
Not too shabby!! How many other people were calling for a buy on the 10th
anniversary of the '87 "correction" ?
Regards,
Tom Alexander
>
> Anyway, for those unfamiliar with the concept of time and price, this
> explanation hopefully will help. Know both TIME and PRICE, and it would
be
> easier to narrow down your sup/res prices. As the time changes, so does
your
> sup/res prices since it is naturally dynamic.
>
> cheers!
> :)
> rick
>
> ****************************************************
> FutureSoft Publishing - Precision Trading
> http://FSoftPublishing.com
> ****************************************************
>
>
>
> -----Original Message-----
> From: GGray1155@xxxxxxx <GGray1155@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Saturday, October 18, 1997 12:37 PM
> Subject: Re: mkt:Standard & Still Bored 500
>
>
> >In a message dated 97-10-18 04:36:52 EDT, ricrat@xxxxxxxxxxxxxxxxxxx (
Rick
> >Ratchford) writes:
> >
> ><< highly probable support prices based on the most recent
> > formation at Level 3 - 954.65 or Level 4 - 949.10.
> >
> > Do with this information as you will.
> >
> > cheers!
> > :)
> > rick >>
> >
> >
> >SnP went significantly below 949.10... What do you think will happen
based
> >on the new low??? Thanks,
> >
> >Gary
> >
>
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