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There have been some disparaging remarks lately about
Gann angles, fibo..., indicators.... and so on!
Maybe everyone does not want to or cannot follow truly
mechanical systems and need some guidance about
what is a significant move and how much the move
should be.
Comment was made about HON and so I applied my
Gann Support & Resistance INDICATOR to this chart
over a fair period of time -- the attached covers 1988
to now.
Please note that with the exception of one cycle of
trading in this period, any time prices reached 90 degrees
then they continued at least to 180 degrees.
Hocus Pocus -- maybe or maybe just another measure of
investor/speculator psychology.
For those who missed the indicator, the .ela is attached.
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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----- Original Message -----
From: "Dick Crotinger" <dangle@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 02, 2000 16:58
Subject: [RT] trading signals
> Here is another view of "cluttered lines." I wish I could say I made
money
> on this, but this is certainly the view I take of a tradable move
which is
> not difficult to anticipate.
>
> This is the breakdown in Honeywell, certainly one of the stellar stock
> market trading opportunities on the short side over the last month.
The
>
Attachment Converted: "f:\eudora\attach\junk127.gif"
Attachment Converted: "f:\eudora\attach\GANN_S&R1.ELA"
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