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

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

The Pitchfork is a good place to start.  Then<FONT 
size=2> if you love the pitchfork you will love the DGL.  You can delete 
some lines to clean up the screen.  Pitchfork is a subset of the DGL.  
Pitchfork uses the median line and the two outer lines.  DGL lets you break 
the price line and time line up into Gann and or Fibonacci ratios.
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  charles meyer 
  
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Sunday, March 04, 2001 5:32 
PM
  Subject: Re: [RT] NDX - due for a 
  bounce?
  
  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: 
  <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>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
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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 
    Lee                         
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