|
PureBytes Links
Trading Reference Links
|
Ira:
I believe that is what the Hurst approach does do. He uses a 10wk ma and a
20wk ma, and uses the point at which they cross as a means of extrapolating
the extent of the current move, by measuring from the prior peak to the ma
cross and then extending a similar distance for the projected turning point.
Stan:
The enclosed continuous chart of the non adjusted daily spoos uses keltner
bands: the short term on the daily data (10d, displaced 5d), and the long
term on a weekly data stream .
This area is of particular importance, as HA and others have written, being
at the top of the wide keltner channel, and the top of the trendline channel
(with a possible breakout close on Fri), following the upside break of the
.62 retracement level and the mob on Wed last week. This in the face of
very low atr levels, and the previously described "vix triangle", we should
see resolution of the breakout vs down again question very soon.
Best regards,
Don
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 19, 2001 12:25 PM
Subject: Re: [RT] SBUX
Why don't you use his offset moving averages to project direction and
pricing
targets? Ira
Stan Book wrote:
> The Hurst channel extrapolation shown for SBUX may well be overly
> optimistic, but the channel is flattening. The 'projected' high
probability
> buy opportunity is based on the observation of visual patterns and an
> extrapolation of past post turn price behavior - a 'possibility', not a
> certainty. Future price action will determine if this becomes a viable
high
> probability opportunity.
>
> The purpose here is to partially demonstrate a low risk, high probability
> way to set up trades for gentle souls who seek the safest possible trades
in
> order to protect capital and achieve modest, reliable appreciation. This
one
> is not for rodeo cowboys.
>
> Because markets are fractal, the approach also applies to other time
frames.
>
> Stan
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
> ------------------------------------------------------------------------
> Name: SBUX_010518.gif
> SBUX_010518.gif Type: GIF Image (image/gif)
> Encoding: base64
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: "051901fdt1.gif"
|