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Or if you look at if from just a Price standpoint, we gapped under
yesterday's low and then found support at a logical S/R line. We then
rallied back to yesterday's low and stalled at the Fed low. Then we were
able to make yesterday's low support which implied a gap fill at a minimum
once the 1800 area was broken again. From there it's been a series of
higher highs and higher lows which is still progressing.
Bobh
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 16, 2001 9:34 AM
Subject: [RT] Mkt - NQM1
> Here is another shot an hour after the open. So far a -.382 extension of
> yesterday's range was support. Then the dynamic midpoint(red) was tested
> after breaking above a 1/3 retracement of today's range(yellow dotted).
> Then today's open is being tested(magenta). For those who are interested
in
> the code, Timothy will have it in his free download area later on after he
> posts a notice. Honestly, the code is extremely simple and nothing exotic
> and perhaps can be improved on. Perhaps if anyone comes up with a
tradeable
> system on the concepts they will share it.
>
> have fun,
> bobr
>
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