Re: What is a Schiff ML?

["ramon" <rbarros@xxxxxxxxxxxxxxxxxx>]

Hi  Tom

Schiff Line is a new one on me.

If you have the time can you tell me where I can get
more info. If unavailable from the Public Domain, would 
you be willing to define the situations where it is used to 
define a Change in Trend?

thanks

ray

R Barros
101/25 Market Street
Sydney NSW 2000
Australia

Voice:   61 2 92673470  
Fax:       61 2 92673478
E-Mail:  rbarros@xxxxxxxxxxxxxxxxxx




----------
> From: Renate Muldowney <mailbox@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: What is a Schiff ML?
> Date: Wednesday, July 29, 1998 6:33 AM
> 
> The Andrews ML is drawn by finding 3 points A_B_C
> Find the mid point of B-C and draw a median line by connecting A and the
> mid point.
> To get the parallel lines draw lines from B and C that are parallel to
the
> line A-Midpoint.
> As in the chart with the up sloping silver line
> 
> 
> To draw the Schiff ML 
> Find the midpoint of AB and The midpoint of BC draw a line connecting the
two.
> To draw parallel lines draw the lines from B and C.
> Example is the down sloping silver line.
> 
> Besides being a different line the purpose of the 2 are different.
> The Schiff is used only to find turning points in some situations.
> 
> 
> 
> 
> At 12:45 PM 7/28/98 -0700, Tom Stein wrote:
> >It is amazing how the cash S&P came with 1 point of a .618 retracement
of
> >the June-July rally......It's hard to imagine why anyone would say that
Fib
> >numbers don't work......
> >
> >I don't care why they......but they do have some validity.....
> >
> >
> >Tom Stein
> >comfut@xxxxxxx
> >
> >
> >
> >
> >