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I played around a bit with fibs using DT -- sometimes works a little
better, but generally I think Gann was right with 1/4s, etc.
If the main ones are pretty spread out, I have a routine thats allow
me to subdivide. I always use the basic divider/warning lines.
Chris
--- In realtraders@xxxx, rosow@xxxx wrote:
> Chris,
> Great chart on the NAS 100! I see you are using lines within or
> outside the pitchfork in .25 increments. Is this correct and is
this
> what you normally do or depending on the market would you switch
back
> in forth to fib #'s. Tim, please chime in as well. Thanks in
advance.
>
> Lenny
>
> --- In realtraders@xxxx, Chris Cheatham <chrischeatham@xxxx> wrote:
> > Some day when I get time, I'll write a book..maybe in
> > code like Tunnel Thru the Air -- call it R E S P E C T
> > by Aretha Andrews -- there is a lot of stuff here.
> >
> > But for now, here's a cash NDX chart (linear) -- see
> > how the sep-jan swing stayed in a 2 (green) channel
> > range -- when it broke higher, see how it stopped at
> > the next line -- in the next down move, see how again
> > prices stayed in a 2 channel range -- in the recent
> > upswing, see how once a line was crossed, resistance
> > becomes support -- last summer see how the ABC up
> > falls neatly into the major channels ,etc. RESPECT,
> > BABY!!
> >
> > Of interest is the solid green line a few points above
> > todays high -- will prices reverse at this 3 channel
> > mark like last rally and roll over again or power
> > through??? Absent a gap through it, I'd bet on at
> > least a pause.
> >
> > I am convinced that virtually every market in most
> > time frames marches to the Andrews drummer. I have log
> > charts with channels drawn of the 32 low in the Dow
> > that still matter. Likewise, there are dominant
> > channels in monthly FX charts dating from Bretton
> > Woods. This stuff is much more powerful and useful to
> > me than Fibonacci ever has been. But it is clearly a
> > discretionery technique. The NDX channel is nice and
> > clean and it is an obvious construction. Many are not
> > so easy. But once you see, ahhh, RESPECT...
> >
> > Aretha
> >
> >
> > --- In realtraders@xxxx, ztrader <ztrader@xxxx> wrote:
> > > On Tuesday, May 01, 2001, 1:39:12 PM,
> > chrischeatham@xxxx wrote:
> > >
> > > cyc> Sometimes nonstandard ones work better and you
> > have to
> > > cyc> visualize/play with them and find those the
> > market is
> > > cyc> respecting.
> > >
> > > What, exactly, do you mean by 'respecting'? A good,
> > *quantitative*
> > > definition for this would go a long way toward
> > automating the lines,
> > > or even using the lines. What's the difference
> > between 'respect' and
> > > 'no respect' (I know I'm going to get lots of
> > wise-ass remarks about
> > > 'respect'). :-)
> > >
> > > ztrader
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Yahoo! Auctions - buy the things you want at great prices
> > http://auctions.yahoo.com/
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