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Dan,
MOB = Make or break level.
It is a measure of the momentum the two prior, major or primary pivots and
of the developing momentum of the swing underway. It looks in to a fixed
position when the prior swing high or low are exceeded (small black box to
the very left disappears). Prices are expected to reach the MOB and that
level should act as a resistance (up) or support (down). When used with EW
it came help identify turning points particularly at the end of wave 5's. It
can also be used in an intermediate basis for support and resistance. Should
prices continue on through the MOB, and begin to move out it can represent a
strong continuation of a trend (support or resistance did not hold). It is
difficult to say what moving through it is because I have seen many
variations and prefer when it just touches it and reverses.
I attached several of my own examples* where MOB's have offered support (so
far?). Other examples can be viewed from the free download demo located on
the Trading Techniques (TT) site. I have the demo parked on my desktop for
review myself, even after using the software for 6 years, as a quick review
of things to watch for. There are many other useful technical's other than
just EW to get trading signals. If anyone is interested the demo mentioned
above it can be found at www.tradingtech.com , select demo download with
takes only a few minutes but offers a good working walk through of numerous
trading strategies that can be used.
*Example 1 : SP01H Daily (S&P March Future) marked the exact lows so far.
*Example 2 : TXN (Texas Instruments) marked the wave 5 low so far.
*Example 3 : ORCL (Oracle) Shows where potential support might be.
don ewers
Disclosure - I am not connected with TT in any fashion and therefore I am
not promoting them or their software other than to illustrate how I have
come to use it as mainstay in my trading, as a general roadmap to follow.
----- Original Message -----
From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 01, 2001 1:38 PM
Subject: Re: [RT] STK - MO Wave Count- Weekly
>
> Thank you Don. What is "MOB"?
>
> Also, Thanks to BobR regarding the usefulness of normalized indicators and
> regular indicators in terms of "saturation" of normalized indicators. A
> light bulb came on at my house.
>
> Dan
>
> >From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> >Reply-To: realtraders@xxxxxxxxxxxxxxx
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Subject: Re: [RT] STK - MO Wave Count- Weekly
> >Date: Thu, 1 Mar 2001 12:25:38 -0600
> >
> >Also right into a MOB of the last weekly pivot (forgot to put that on the
> >last chart).
> >don ewers
> >
> >----- Original Message -----
> >From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Thursday, March 01, 2001 12:18 PM
> >Subject: Re: [RT] STK - MO Wave Count- Weekly
> >
> >
> > > Here is the weekly view and the wave 3 there is very near a 2.618
> >expansion.
> > > As mentioned before in a post only 8% of the time is that exceeded?
> > > Basically the daily chart before is starting at the wave 2 starting
> >point
> >on
> > > the weekly. So either wave 4 in either case, be careful?? Hope this
> >helps.
> > > don ewers
> > >
> > > ----- Original Message -----
> > > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, March 01, 2001 12:10 PM
> > > Subject: Re: [RT] STK - MO Wave Count
> > >
> > >
> > > > Up in a big wave 3 at this point, so I would tighten stops and watch
> >for
> >a
> > > > 6/4 ma channel sell signal or close below the regression line. You
> >maybe
> > > > headed for a wave 4 consolidation.
> > > > don ewers
> > > >
> > > > ----- Original Message -----
> > > > From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Thursday, March 01, 2001 11:16 AM
> > > > Subject: Re: [RT] STK - MO Wave Count
> > > >
> > > >
> > > > > Could someone coach me on the longer term wave count for MO. I
can
> > > start
> > > > at
> > > > > a couple of different places and get 5 waves up. One starting
point
> >for
> > > > > Wave 1 is the low of a year ago. The other is the low of
September
> >00.
> > > I
> > > > > lean towards the September starting point but am not sure why.
Does
> > > > anybody
> > > > > else see five waves and where would you start counting?
> > > > >
> > > > > Thanks,
> > > > >
> > > > > Dan
> > > > > _________________________________________________________________
> > > > > Get your FREE download of MSN Explorer at http://explorer.msn.com
> > > > >
> > > > >
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> > > > >
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> > >
> ><< MOweek022801MOB.gif >>
>
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