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Bob -
I've attached an annotated figure that may be of help.
Ned Markson
http://www.erols.com/cnedgo
> BobR wrote:
>
> 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
> <snip>
> NDXDGL.GIF Type: GIF Image (image/gif)
> Encoding: base64
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