Re: [RT] NDX - due for a bounce?

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

In trying to use the DGL_TS2K tool in the short and long term 
time frames looking for support...last Thursday/Friday was of significance in 
that it occurred at a convergence of price and time in both the long and short 
periods selected to study.  In looking for support or a low reversal point 
this approch uses the ABC "V" formation at selected pivots and then divides the 
BC length into Gann Ratios.  For the time extensions it takes the distance 
from point A to the line BC and extends it to the Gann fractions and or 
integrals +fractions along the Gann pricelines.  What appears to be 
occuring is the NDX has been finding support on the L375 line and reverses at 
intersections of that line and projected time lines.  The 
Thursday/Friday/Monday convergence identified by the lower Magenta dot is where 
the technique would expect a low pivot to occur.  I hope I've used this 
tool properly.  If anyone else on the list is using it I would be 
interested in seeing how you applied it to the NDX.
 
thanks for listening,
bobr
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Clyde Lee 
  
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Sunday, March 04, 2001 5:23 
AM
  Subject: Re: [RT] NDX - due for a 
  bounce?
  The attached has a whole bunch of comments on the 
  chartitself so I'll not add much here.Basically the indication is 
  that we are potentially at a fairlygood reversal but initially we must get 
  through the 2100 area for it to have much significance for a longer 
  termtrade.This does look good for a week or 
  so.ClydeAt 23:35 3/3/01 -0800, gary@xxxxxxxxxxxx 
wrote:
  Attached is a chart showing a 
    log liner regression channel withapprox. +/- 20% bands beginning at the 
    NDX 100 top in lateMarch, 2000.  As shown, the NDX is sufficiently 
    oversold to
  Clyde 
  Lee                         
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Attachment: Description: "NDXDGL.GIF"