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Bob
can you explain the numerous lines on the fibonnacci trader software.
Also where would I be able to find information on WD Gann methods for
forecasting tops & bottoms on the web
regards Peter
-----Original Message-----
From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, 23 July 1998 22:17
Subject: Re: MKT - djia -Reply
>Taking a closer look at the spx, we see that the daily trend has turned
down
>by a close below the Triple Switch Next(red stair step). Also Krausz's
Gann
>Swing has turned down. The Ratio Oscillator has just rolled over out of
the
>overbought zone with the green line leading the red. Only thing positive
>about this view is the green Ratio Oscillator line has touched the 50%
>retracement level and the index has temporarily stopped in the lower weekly
>fib support zone. There is an extreme weekly support zone just below 1150.
>The Triple Switch Weekly is the weekly stop loss trend line and that is
very
>near also. That would make a better line to make a trading bounce from,
>or...........
>
>BobR
>
>-----------------
>In a message dated 98-07-23 08:23:40 EDT, Steve@xxxxxxxxxxx writes:
>
><<
> RealTraders..
>
> Below is my comment from last week re: top, timing and price range.
> Applying the Multiple Time Frames technique set forth by Robert Krausz
> in his recent book and TASC article of Nov 1996, I come up with 1164
> (Wed close) as an S2 support level for the S&P 500 cash index. As the
> trend is still up, I will look to go long upon confirmation; that
>confirmation
> being a move above the average of the S&P 500 highs for the last three
> days and placing a appropriate stop.
>
> My earlier post was as follows...
> Dennis,
>
> In his book, 45 Years in Wall Street, W.D. Gann set forth a number of time
> and price rules to forecast tops. Using his rules, a top could devleop
> between now and the end of July with the S&P 500 cash index reaching
> the 1180-1190 area.
>
> Steve
> Dallas, TX
> >>
>
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