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Jan P.
Sorry this is late getting back to you. The black lines on the 5/35 (or 5/17
or 10/70 for that matter) are what are called breakout/breakdown bands and
are different that the 1.40 of the wave 3 oscillator horizontal lines you
see me add to that is used to determine in a wave 4 if the 5/35 remains "in
control". The breakout bands are used to determine if a move which would be
initially classified as a wave 3 is "strong" enough to really be called a
wave 3. Sometimes after a big move lets say down for example we get "basing"
and the software could easily label a rise and fall that holds the low and a
rise that takes out the previous high a 1-2-3 however if the 5/35 is not
through the breakout band then there is a question as to whether it is a
wave 3 or just "noise". I don't know what they are made up of and it is
proprietary in the software as I recall (mine are set at the default setting
of 100%, some people use 80% I understand).
I have also found another use for them which is to exit a trade when the
5/35 breaks back down below (above in a down move) if the regression or 6/4
ma channels don't have me out already. Like I said in the past I like to
"try" to trade in the direction the 5/35 is moving and whether it has
crossed the zero lone in the histogram and the bands can be "add points"
and exit points as the 5/35 rolls over. Hope this helps.
don ewers
----- Original Message -----
From: "JHP" <jan4123@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 14, 2001 4:20 PM
Subject: Re: [RT] Is the end near - Not for GOLD
> Don,
>
> you mind telling what the lines are which are imposed on your 5/35 osc
> histogram?
> You used to have only +/- 40% lines.
>
> Jan Philipp
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, March 14, 2001 9:18 AM
> Subject: Re: [RT] Is the end near - Not for GOLD
>
>
> > No I missed the links (up late doing Sub-S taxes due March 15th), and
you
> > are correct gold stocks are a better choice if so inclined.
> >
> > Also the parallel to the NASDAQ is humm kind of ok but not the same in
> many
> > ways. Many of us saw the flaw there and have been and continue to be in
> > cash. My bond partner has been warning me about deflation for some time
> and
> > has won me over, so I am just not a gold fan in this environment. But if
> it
> > goes up and you and others do well its OK with me.
> >
> > As far as Yardini is concerned, I may be wrong but he came out on Friday
> > (CNBC) and said he is now worried about deflation vs. inflation his
> previous
> > fear so . . . I don't know. Can gold go up in a deflationary
environment?
> I
> > guess so if there is a financial panic at the same time?
> >
> > Attached are the AGET charts, daily is bullish, weekly no clear picture.
> > Good luck on your trade.
> > don ewers
> >
> >
>
>
>
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>
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>
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>
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