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<DIV><FONT color=#000000 size=2>TIME!</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I just started reading Constance Brown's
"Technical Analysis For The trading Professional" with mixed feelings
(other opinions appreciated).</FONT></DIV>
<DIV><FONT color=#000000 size=2>She has a chapter on drawing untraditional
trendlines, which I have been experimenting with myself. But now that is
"legal" I would like to show the result on Russel 2000.</FONT></DIV>
<DIV><FONT color=#000000 size=2>I have also used Edwards & Magee's theory on
parallell trendchannels. </FONT></DIV>
<DIV><FONT color=#000000 size=2>Now in this weekly chart of Russel 2000 - what
is interesting is that if we at the start of each trend line (and this is mine!)
start a fib relationship with a top/bottom on any of the trendlines we end up
with a lot of fib projections at a week around Jan 4!</FONT></DIV>
<DIV><FONT color=#000000 size=2>Theese clusters often indicates trendchange in
time.</FONT></DIV>
<DIV><FONT color=#000000 size=2>Also please note the date of The Nasdaq high Jan
3, the precise date of Sun/Earth perigee (sun closest to Earth) a date often
seen at important trendchanges according to Gann.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>PRICE</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>The most striking sight in the "Russelwedge
gif", is not the breakdown from the wedge but the return to/test of the
wedge which takes place exactly at the apex.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>Also please note the fib
levels. </FONT></DIV>
<DIV><FONT size=2>At point E:</FONT></DIV>
<DIV><FONT size=2>AB x 61.8% = CE </FONT></DIV>
<DIV><FONT size=2>Expansion of the DB move x 61.8% = E</FONT></DIV>
<DIV><FONT size=2>Retracement of the BC pullback x 61,8% = E</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>In the next Post, let's look at some other
markets.</FONT></DIV>
<DIV><FONT size=2>Stig</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV></BODY></HTML>
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