Re: [RT] SPC MOB Update

["Don Ewers" <dbewers@xxxxxxxxxxxxx>]

Opps I should have read down to get the rules and the "inventor". Thanks 
Lenny, let me work with it (if this goes off topic keep me in OK).
don ewers
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  rosow@xxxxxxx 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Saturday, March 24, 2001 12:57 
  PM
  Subject: Re: [RT] SPC MOB Update
  <FONT lang=0 
  face="Arial Rounded MT Bold" size=2 FAMILY="SANSSERIF">Earl, 
     If this is off topic for the thread then we can take 
  this private. Just let me know. Here is a description on how I use the MOB 
  Extension in GET. <FONT lang=0 face=Arial color=#000000 size=3 
  FAMILY="SANSSERIF">    The MOB Extension comes from Rex 
  Takasugi who writes a Monthly newsletter called "Technical Disciplines". 
  As you know, MOB stands for "Make or Break". Everyone knows what to do 
  when the MOB holds price but many are left scratching their head if price 
  just busts right on through. The MOB Extension was designed to give future 
  support & resistance areas. I use it a lot along with my normal Fib 
  projections. Here are the MOB extension rules: 1) Draw a MOB from a 
  Primary(P) or a Major(J) pivot only. Normally these are from wave 1 or A 
  or 3 or C tops & bottoms. If there isn't a P or J nearby go down to a 
  lower time frame and find one! On the Daily S&P I drew the MOB from 
  the 12/21/00 (P) pivot low. 2) Set the Fib Extension tool to 
  0.382, 0.618 & 1.00 3) On the Daily S&P if price closes below 
  the MOB then: A) Using the Fib Extension Tool measure from the FIRST 
  SIGNIFICANT pivot (I like to also use (P) or (M) pivots) PRIOR to the 
  pivot the MOB was drawn from. On the Daily S&P it would be from the 
  11/06/00 (J) pivot to: B) The center line of the MOB. C) Now extend 
  the lines (downward in this case) from the center line of the MOB. 
  You will find many times that price will run right up or down to the 
  .382 line and stall, go back to the MOB and then run to the .618 level or 
  more. From there the .382 & .618 levels can become support or 
  resistance. Play with it. I think you'll like it : >)   
  Lenny <FONT lang=0 face=Arial color=#000000 size=2 
  FAMILY="SANSSERIF"><FONT lang=0 face=Arial color=#000000 size=3 
  FAMILY="SANSSERIF"><FONT lang=0 face="Arial Rounded MT Bold" 
  color=#000000 size=2 FAMILY="SANSSERIF">In a message dated 3/24/2001 
  11:39:19 AM Eastern Standard Time, eadamy@xxxxxxxxxx writes: 
  <FONT lang=0 face=Arial color=#000000 size=2 
  FAMILY="SANSSERIF">
  <BLOCKQUOTE 
  style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px" 
  TYPE="CITE">Lenny, haven't quite figured out what you are doing here. Looks 
    like you are using a 2 point tool (retracement tool) from a pivot point 
    to the center of an MOB and somehow getting extensions from 
    it? 
    <FONT lang=0 face=Arial color=#000000 size=2 
    FAMILY="SANSSERIF">Earl<FONT lang=0 face=Arial color=#000000 size=3 
    FAMILY="SANSSERIF"> <FONT lang=0 
  face="Arial Rounded MT Bold" color=#000000 size=2 
  FAMILY="SANSSERIF">To 
  unsubscribe from this group, send an email 
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