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The first thing that comes to mind when I read this is the little trick of
physically folding your chart into 8th's both vertically and horizontally.
After this is done, look at the points at which the folds intersect.
Interestingly enough, they fall very close to the turning points at which a
stock or commodity reverses. Im not sure if thats what this is referring to
but its still quite interesting.
Troy P.
wallst@xxxxxxxx
-----Original Message-----
From: Henry R. Heiczereder <heicz@xxxxxxxxx>
To: Real Traders <realtraders@xxxxxxxxxxxx>
Date: Monday, October 11, 1999 4:48 PM
Subject: Re: Web Trading; Not WWW
>A few years ago before anyone was doing anything with the internet I met a
>futures trader(apparantly a successful one) who gave me some charts to look
>at with buy and sell lines on the charts which indicated where positions
>were taken. He said that these levels were part of a technique called 'Web
>Trading'. This is not a reference to the web trading by way of the
internet
>but a trading method built on buying and selling at certain levels. I
>studied the charts including doing retracement ratios, fibonacci numbers,
>quarters, halves, eights etc. but could not find anything consistent. Has
>anyone heard of this type of trading?
>
>
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