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<DIV><FONT size=2>OK. First, my AOL email address is no longer in
use. Correct address is <A
href="mailto:bobrabcd@xxxxxxxxxxxx";>bobrabcd@xxxxxxxxxxxx</A>. I examined
the code and it appears to be similar to mine. It verifies and plots the
same as my end of day code except that it initializes at the Low rather than the
(H+L)/2 of the first bar. Another version referencing the High could be
made for use with resistance lines. The best thing to do to understand the
code is to download the 18 or so monographs on the approach. After reading
them you may still be confused with it, especially the top finder. The
author is deceased and his partner no longer supports or sells the orignial
software. As in fibonacci, if it works, use it. Attached is one
chart I look at daily in conjunction with Ben's composite breadth
oscillator. If price has found support at a Midas line and the composite
breadth oscillator is oversold then you have a pretty good odds of a buy
signal. If price is approaching a support or resistance line and the
breadth oscillator is not oversold, then the support will probably not
hold. Other oscillators could also be used in conjunction with the support
lines. Picking the initalization points is the trick to having something
useful. Lines that go back years are found as support in current data. For
example note the cyan and blue lines in the attached chart originating last fall
have influence on support this fall. Also notice how the green line caught
the lows and now highs in fairly decent fashion. Will post a few more
charts on the Midas approach shortly.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BobRoeske</FONT></DIV>
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Jim White </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>realtraders@xxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, November 03, 1999 6:37
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Midas Info.</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>Many of you asked details of the MIDAS approach.
First understand that Some time back , someone requested a TS 4.0 coding of
the MIDAS S&R. I agreed to try it and the results are what I posted. I am
not an expert in the use of MIDAS but have desired the TS tool so I could
investigate it's use. The expert on this on this list is <A
href="mailto:BobRabcdef@xxxxxxx";>BobRabcdef@xxxxxxx</A> so speak up
Bob.</FONT></DIV>
<DIV><FONT face=Arial size=2>A complete set of 18 articles describing the
methodology can be reviewed as follows:</FONT></DIV>
<DIV><FONT face=Arial size=2>Go to </FONT></DIV>
<DIV><FONT face=Arial size=2>http//www.winmidas.com</FONT></DIV>
<DIV><FONT face=Arial size=2>You should end up at Sandiego.com site. Under
"Visit the sites on our server" select Investment Center. Scroll down to the
articles. They are worth copying and studying</FONT></DIV>
<DIV><FONT face=Arial size=2>Jim White<BR>PIVOT Research & Trading
Inc.</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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