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Oops, got the old chart instead of the current one.
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----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Monday, November 13, 2000 10:50 AM
Subject: Re: [RT] General - daily price activity
> Another shot later in the day. ES was able to rise above the 0.333 level
to
> test the midpoint red line. A cross above that would implie a test of the
> dynamic .667 level at 1359.5. A cross above that could take it to the
high
> of the day at 1371.75. That's being a bit optimistic though. Getting
back
> just to the midpoint is a standard Gann target.
>
> BobR
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Monday, November 13, 2000 5:47 AM
> Subject: Re: [RT] General - daily price activity
>
>
> > Here's another shot with an update. Note how the Sunday globex low was
> > taken out and now a -.382 of that range at 1356.27 is being tested for
> > support. This thing is live animal.
> >
> > BobR
> >
> > ----- Original Message -----
> > From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Monday, November 13, 2000 3:37 AM
> > Subject: [RT] General - daily price activity
> >
> >
> > > Every now and then something chart wise sort of grabs your attention
and
> > > makes the viewer think there is something useful there, but expressing
> it
> > in
> > > a tradeable Buy/Sell fashion is illusive. The key has to be
> representing
> > > price in a certain way and applying system logic such that it can be
> used
> > > with the tradeables options, futures, underlying. That is no mean
task
> > when
> > > price behaves as though it were a smoke particle rising in heated air
> and
> > > buffeted by crosswinds. Perhaps this chart shows the fractal nature
of
> > > price that operates intraday as it does on end of day charts when
> > > considering one third, one half, two thirds retracements. It appears
> that
> > > prices are anything but random and have structure that could be
> > capitalized
> > > on, at least that is the dream of day traders. In the lower subgraph
> the
> > > straight red line is the detrended dynamic midpoint of the daily high
> and
> > > low. The yellow lines are 0.33 and 0.667 of the daily dynamic range
> > > centered on the dynamic midpoint. The green lines are the detrended
> high
> > > and low. They illustrate the birth of each new trading day followed
by
> > > range expansion and a seeking of a rest spot until the profittakers
and
> > > losers make an exchange. Thursday, Friday, Sunday show how the ES has
> an
> > > attraction for the dynamic midpoint and the .33 and .667 levels on a
24
> > hour
> > > basis. The challenge here is in coding the "if then do this" logic.
> > Either
> > > price has to be smoothed(detestable) or represented by the least
> smoothed
> > > but best proxy for an appropriate time period. Then some
> > support/resistance
> > > and crossover code would have to be applied. Clyde Lee did some work
on
> > > such a system and it appeared to have some value. Am just wondering
> this
> > > morning if he has revisited this and has anything to add.
> > >
> > > BobR
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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