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Lynn,
You have asked me "What do you base this on?
How do you compute 1950?" earlier today,
I did not compute NASDAQ 1950, on 4/17/2001 and
4/18/2001 there was gap which is not filled, Knowing that area gap close in 90%
of the time and combining that with Gann angles, this indicate that in the worst
possible scenario the gab will be filled and hit support at 1X2 angle drawn in
blue coming down from 1X1 angle. 1950 will be around this level where harmony
meets(angle plus gab filling).
There is 3 important points:
1. angles are sort of moving averages
2. They are much more accurate in telling about
sentiment and true market power.
3. When you break an angle you will always drop to
the next angle down or go sideways
Haytham
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