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Here is one more view of the Midas outlook. The weakness in use of the Top
Finder is in setting the Start point S and the Center point C. S is set at
a launch point where price accelerates away from a support line. Then C is
adjusted so the Top Finder red line fits the lows of the price line. That
leaves a lot of artistic license. To compare the last chart with this one
the point C has been moved back to the blue line launch point. With this
configuration we have a top, not necessarily The top, in four days at 11555.
Whereas the previous one is 11426 in 46 days. What this may mean is we
enter another horizontal consolidation channel. Later this year we can look
back and perhaps see the rounded top formation.
BobRoeske
----- Original Message -----
From: Ned Markson <cnedgo@xxxxxxxxx>
To: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxxxx>
Cc: RealTraders <realtraders@xxxxxxxxxxxx>
Sent: Sunday, July 11, 1999 10:21 AM
Subject: Re: MKT - INDU
> ROBERT ROESKE wrote:
> <snip>
>
> > It will take a couple of more
> > months to complete the picture but the Relative volatility and MoCycle
> > looks an awful lot like 1994, 1990 and 1987 debacles. It appears the
> > setup is rather mature,
> >
> > BobRoeske
>
> Bob -
>
> This correlates well with the time frame from your previously posted
> Midas analysis.
>
> Ned Markson
> http://www.erols.com/cnedgo
>
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