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Very interesting chart. While I don't pretend to understand how the Gann
lines are drawn, I can see the logic - if that is the word - behind the
placing of the lines, but how do you come up with the channel?
What is the rationale behind it? Why is it the width it is and what are the
parameters compared with drawing 'ordinary' channels? Perhaps the lines are
too close together for me to see, but I would be interested. Certainly the
channel you have drawn is an interesting one, which correlates very well
with the huge downthrust in the Dow. Been so used to punting puts, perhaps
the time has come to kick a call...!!!
Bill Eykyn
t-bondtrader@xxxxxxxxxxxx
www.t-bondtrader.com
"Learn to read the tape"
----- Original Message -----
From: "Prosper" <brente@xxxxxxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxx>
Sent: Saturday, October 28, 2000 5:39 PM
Subject: [RT] SP00Z channel break
> Hi,
>
> A retest is complete and the old channel has been broken. There is enough
> information to configure a new channel. One day does not make a trend but
> until this new channel is broken we should be going up. Just in time for
the
> voters to get some relief, perhaps.
>
>
> Prosper
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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