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If it is assumed that Thursday marked a short term low, we can
do a Clyde Lee forced swing, and arrive at a few controversial upside
targets. Here is a shot of Gregory's code for TS2k
using the inverted ABC "^" formation and a time extension of 1.0 and 2.0 on
the recent red colored formation. No doubt the 3/13 - 3/14 target of 2710
would raise a bit of controversy.
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 3:23
PM
Subject: Re: [RT] NDX - due for a
bounce?
Interesting comparison to a couple of Andrew's
Pitchforks.See the attached.ClydeThis is from routine
by Gregory Wood with a couple very small fixesto allow upper or lower case
and to realize that (at least in 2000) thefirst string has a reference
number of zero. I cleaned up the majorlines but did not touch the
"median" lines as he calls them so youget some funny extensions to the
left of the chart.It is a good algorithm for manual plotting of
pitchforks.{ ======================================This is my
implementation of some aspects of Andrews Pitchforks. You are welcome to
use this code freely. You may redistribute it provided you include this
comment block, plus a description of any changes you make.If you
extend it, or adapt it to other uses, I'd appreciate a look at what you've
done. Thanks. Gregory
Wood SwissFranc@xxxxxxxxxxxxxxxxAt
15:15 3/4/01 -0500, you wrote:
Considering the nature of the
move in NDX, it is (IMHO) a naturalfor applying the L2 channel feature
of the DGL technique. I'veattached a gif which illustrates this
application for the case athand.Ned Markson<A
href="http://www.erols.com/cnedgo";>http://www.erols.com/cnedgo>
BobR wrote:> 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> <FONT
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Clyde
Lee
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Attachment:
Description: "NDXDGL2.GIF"
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