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

["charles meyer" <chmeyer@xxxxxxxx>]

Hi:
 
Bob, my 2 cents here.  Too many damned lines and too 
complex.  My choice 
would be to spend time learning about the Andrews 
Pitchfork.  
 
Chas
-----Original Message-----From: 
BobR <<A 
href="mailto:bobrabcd@xxxxxxxxxxxxx";>bobrabcd@xxxxxxxxxxxxx>To: 
realtraders@xxxxxxxxxxxxxxx 
<<A 
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Date: 
Sunday, March 04, 2001 11:22 AMSubject: Re: [RT] NDX - due for a 
bounce?
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 
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    ----- 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 
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