|
PureBytes Links
Trading Reference Links
|
Hello Brent,
Thursday, January 06, 2000, 12:42:34 PM, you wrote:
B> Thanks for the reply, yes this is an old trademan's trick. Measure something
B> 4 inches one way, 3 the other, and if if is 5 inches between, then you have
B> a square. I still don't know how that is getting anyone a target. Here is a
B> simplified example of what I mean.
B> If the starting point were 10 (the high) and you subtracted a down move of 4
B> points and got 6 (the low), and it was 3 days in time. (4x4=16 and 3x3=9) so
B> 16+9=25 and the square root of 25 is 5. Would you subtract 5 from 6 (the
B> low) and say the target was 1? Of subtract 5 from 10 (the high) and say the
B> target is 5?
B> Brent
>> Hello Brent,
>>
>> Wednesday, January 05, 2000, 8:18:23 PM, you wrote:
>>
>> B> Anybody out there in Traders-land want to try and show with a visual
B> chart
>> B> what this Pythagorean Method (that Adam and Eve came up with:-)) looks
>> B> like. I gave it a try and came up dry.
>>
>> B> Brent
>>
>>
>>
>> Obviously r1=3 r2=4 then r3=5 all mathematical variants of this are
>> to be handled the same. In Cynthia Kase book she uses this method
>> to determine the future possible move. She does not call it by the
>> same name you do. She in her book calls it the WAVE of 3's I
>> belive.
>>
>> --
>> Best regards,
>> Mark Brown mailto:markbrown@xxxxxxxxxxxxx
>>
>>
>>
The answer you seek is ;
take a low for example
from that low the market moves up 4 dollars then makes a top
from that top the market moves down 3 dollars and makes a bottom
from that bottom you may expect the next move up to = 5 dollars
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
|