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If you look at the S&P chart that I sent out with the Schiff Lines you
would see the
lines as support for todays turn. The reason for my use of them here was in
another email which
explains when they are used. If you simply use them only under these
conditions you will probably
find them useful if you try to use them in other patterns you will pobably
find that they do not
work as well.
RM
At 10:42 PM 7/28/98 EDT, MRLYNNG@xxxxxxx wrote:
>In a message dated 98-07-28 19:14:06 EDT, mailbox@xxxxxxxxxx writes:
>
><< The three points are three obvious swing points.
> The purpose of the Chart with the lines is to show the shiff ML not to
> comment on silver. >>
>Renate:
>It is obvious for some time that you have been trying to promote the Andrew's
>Median Lines (promoted by Ron Jaenisch) without revealing any significant
>details about the interpretation. However, shiff Lines or median lines
>without a discussion of the chart ( Silver) is not just vague but useless.
>You might as well draw the lines on a brown bag because the lines only have
>relevance when applied to a chart. Other members of the list have previously
>discussed elements of Andrew's lines (Pitchfork) such as the selection of the
>points, the meaning of the lines as they interact with price and the
relevance
>of turns in the market at the median lines.
>
>If you want to discuss other charts, please raise the level of interpretation
>from the amateurish to a decent level of interpretation that is not so far
>beneath the list. I realize you probably signed a nondisclosure agreement
but
>others are not so restricted so we can openly discuss many of the tenets you
>have been taught.
>Lynn
>
>
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