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<DIV><FONT face=Arial size=2>Well, I am sure I will be corrected by the market
if I am wrong, but I think the pivotal support at 96^16 is likely to be the low
of the day - unless of course Mr Greenspan says something to send the market
crashing further. It will not be a trade I shall be
on.... My bread and a goodly dollop of jam is already on the
table, thank you.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>If you look at your daily chart you will see that
we have broken south out of the flag - a curious one for a rising market, in my
opinion - and that Telegraph Pole may be on the side of the hill, but it sure is
dominating the scene, from my perspective. Perhaps lower price will
prevail after all. For the time being anyway.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>The bonds and the spoos are going sideways now, so
we won't get much more action before Mr G speaks, so that last upthrust,
touching just a tick above ^16 has had me out.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Well, I hope those that trade the bonds liked that
Divergence Indicator. That is what I call the real world. The
one the day traders are in, actually trading. Rather than the
suckers world the sellers of indictors or purveyors of forecasting services are
in... </FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV></BODY></HTML>
</x-html>From ???@??? Wed Jun 14 05:29:39 2000
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From: "T-Bondtrader" <t-bondtrader@xxxxxxxxxxxxx>
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Subject: [RT] Test
Date: Tue, 13 Jun 2000 22:59:23 +0100
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<DIV><FONT face=Arial size=2>Sorry, having computer problems</FONT></DIV>
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<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV></BODY></HTML>
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Date: Tue, 13 Jun 2000 21:54:51 -0500
From: Clyde Lee <clydelee@xxxxxxx>
Subject: [RT] Gann Support and Resistance Levels
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: realtraders@xxxxxxxxxxxxxxx, swingmachine <swingmachine@xxxxxxxxxxx>
Reply-to: Clyde Lee <clydelee@xxxxxxx>
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<DIV><FONT face="Courier New" size=2></FONT><FONT face="Courier New" size=2>With
respect to Gann angles and prices:</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>One rotation of the Gann square will cause
one to move</FONT></DIV>
<DIV><FONT face="Courier New" size=2>from a price to the next price which is
either the square</FONT></DIV>
<DIV><FONT face="Courier New" size=2>of the original </FONT><FONT
face="Courier New" size=2>price square root +2 (if increasing) or </FONT></DIV>
<DIV><FONT face="Courier New" size=2>the square of the original price square
root -2.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>So a 360 degree rotation can be computed by
adding the</FONT></DIV>
<DIV><FONT face="Courier New" size=2>value of 2 to the square root of a bottom
turning point</FONT></DIV>
<DIV><FONT face="Courier New" size=2>if we are trying to determine resistance
and subtracting</FONT></DIV>
<DIV><FONT face="Courier New" size=2>the value of 2 from the square root of the
price at the</FONT></DIV>
<DIV><FONT face="Courier New" size=2>top turning point to determine support
levels.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>So, any angle can be computed using the
relationship:</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>Difference in square root of price for N
degrees is</FONT></DIV>
<DIV><FONT face="Courier New" size=2>equal to N degrees / 360 * 2
.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>May not be exact but it damn sure is
close.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>See for yourself. Apply the following
using various</FONT></DIV>
<DIV><FONT face="Courier New" size=2>angles and see where support and resistance
really</FONT></DIV>
<DIV><FONT face="Courier New" size=2>appears.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>The attached .gif shows some S&R
lines at 30/45/60</FONT></DIV>
<DIV><FONT face="Courier New" size=2>degrees.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>An .ela of the code is
attached.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>Clyde</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>= = = = = = = = = = = begin of code = = = =
= = = = = = = =</FONT></DIV>
<DIV><FONT face="Courier New" size=2>{<BR> Indicator:
C.Lee_GannS&R</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2> Purpose: Plot 3 Gann
support and resistance
lines<BR> at
each pivot detected by SwingLee</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New"
size=2> User
specifies Gann angles to use.</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV><FONT face="Courier New"
size=2>
<DIV><BR> Author: Clyde Lee, Copyright
6/2000<BR> <BR> Permission:
Permission to use in any fashion desired
if<BR> proper credit
is given crediting author
and<BR> indicating
copyright.</DIV>
<DIV> </DIV>
<DIV>}</DIV>
<DIV> </DIV>
<DIV><BR>Inputs: NBars(34), {Number bars to use in
SwingLee for
}<BR>
{detection of swing
points
}<BR>
Angle1(30), {gann angle for 1st
support/resistence }<BR>
Angle2(45), {gann angle for 2nd support/resistence
}<BR>
Angle3(60); {gann angle for 3rd support/resistence
}</DIV>
<DIV> </DIV>
<DIV><BR>Vars: Direct(0);<BR>Vars: OldBar(0),
OldPrice(0),<BR> NewBar(0),
NewPrice(0);<BR>Vars: PriceRoot(0),Price1(0),Price2(0),Price3(0);</DIV>
<DIV> </DIV>
<DIV><BR>Direct = Swing_Lee(NBars);</DIV>
<DIV> </DIV>
<DIV>If Sign(Direct)<>Sign(Direct[1]) then begin<BR> OldBar =
NewBar;<BR> OldPrice = NewPrice;<BR> NewBar =
CurrentBar-AbsValue(Direct);<BR> If Direct<0
then<BR> NewPrice = H[-Direct]<BR> else<BR> NewPrice
= L[Direct];</DIV>
<DIV> </DIV>
<DIV> PriceRoot = SquareRoot(NewPrice);<BR> Price1 =
Square(PriceRoot+Sign(Direct)*Angle1/360*2);<BR> Price2 =
Square(PriceRoot+Sign(Direct)*Angle2/360*2);<BR> Price3 =
Square(PriceRoot+Sign(Direct)*Angle3/360*2);</DIV>
<DIV> </DIV>
<DIV> For Value1=AbsValue(Direct) downto 0
begin<BR> Plot1[Value1](Price1,"GP1");<BR> Plot2[Value1](Price2,"GP2");<BR> Plot3[Value1](Price3,"GP3");<BR> Plot4[Value1](NewPrice,"np");<BR> End;<BR>End<BR>Else
if OldPrice>0 then
begin<BR> Plot1[Value1](Price1,"GP1");<BR> Plot2[Value1](Price2,"GP2");<BR> Plot3[Value1](Price3,"GP3");<BR> Plot4[Value1](NewPrice,"np");<BR>End; <BR>
<DIV><FONT face="Courier New" size=2></FONT><FONT face="Courier New" size=2>= =
= = = = = = = = = end of code = = = = = = = = = = = =</FONT></DIV>
</FONT></DIV>
<DIV><FONT face="Courier New" size=2>- - - - - - - - - - - - - - - - - - - - - -
- - - - - - - -<BR>Clyde Lee
Chairman/CEO (Home of
SwingMachine)<BR>SYTECH
Corporation
email: <</FONT><A href="mailto:clydelee@xxxxxxx";><FONT
face="Courier New" size=2>clydelee@xxxxxxx</FONT></A><FONT face="Courier New"
size=2>> <BR>7910 Westglen, Suite 105
Work: (713) 783-9540<BR>Houston, TX
77063
Fax: (713) 783-1092 <BR>- - - - - - -
- - - - - - - - - - - - - - - - - - - - - - -<BR>- - - - - - - - - - - - - - - -
- - - - - - - - - - - - - -<BR>To subscribe / unsubscribe from SwingMachine
list<BR></FONT><A href="http://www.egroups.com/list/swingmachine/";><FONT
face="Courier New"
size=2>http://www.egroups.com/list/swingmachine/</FONT></A></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>After joining list the freeware
SwingMachine program <BR>(DOS Version) is available in the VAULT
at:<BR></FONT><A href="http://www.egroups.com/list/swingmachine/";><FONT
face="Courier New"
size=2>http://www.egroups.com/list/swingmachine/</FONT></A><BR><FONT
face="Courier New" size=2>- - - - - - - - - - - - - - - - - - - - - - - - - - -
- - -<BR></FONT></DIV></BODY></HTML>
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