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I see that the chart was missing the red support lines.
----- Original Message -----
From: "EAdamy" <eadamy@xxxxxxxxxx>
To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 10, 2001 7:11 AM
Subject: [RT] Symetry #3
> Following on my general comments regarding symetry yesterday in my first
> post, note the very steep decline on the left side of the extreme low
> without significant pivots - this has been very tough resistance. Now note
> the pair of blue horizontal lines drawn from the daily pivot highs 128250
&
> 128750. Failure to reach at least one of these two pivot highs would be a
> sign of weakness while a move above those pivots will confirm the move and
> provide a support zone at the pivot lows - red lines. Key pivots such as
> those at the blue line are often price attractors and corrections often
> begin once the pivots have been reached. When price fails to reach such
key
> pivots before correcting, the entire move is called into question i.e. if
> price does not reach one of these two pivots, the correction is likely to
be
> very strong. As always, I look for confluence between my pivot work and
> fibonacci expansions and retracements.
>
> Earl
>
>
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