[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] GEN - belated mothers day gift



PureBytes Links

Trading Reference Links

For the mothering traders out there here are the Duffy Support, Resistance
channels.  They are the cyan lines on the attached chart.  Speaking of
which, the OEX closed above the channel on Friday after a sustained
downtrend.  A half std dev move, post FOMC would take the oex to 780 and a
1std move to 800.  No doubt Monday and Tuesday will have some seesaw
activity, but its fun to play the prediction game in an alternative way to
moving averages, i.e. a little bit of probability.

----------------------------------------------------------------
Inputs: N(3), N1(5), Price1(High), Price2(Low), N2(1.5);
Vars: AA(0), AB(0), AC(0), AD(0), AE(0);

AA=(N2*Average(TrueRange, N1));

AB=Average(Price1, N);
AC=Average(Price2, N);
AD=(AA+AC);
AE=(AB-AA);

Plot1(AB,"Resist");
Plot2(AE,"Supp");

Attachment Converted: "f:\eudora\attach\CHAOS9.gif"