|
PureBytes Links
Trading Reference Links
|
Here is an example of why I respect a low PTI.
It is a daily charts when it "appeared" NG was going to go up in a wave 5
"new high". But the PTI said "no trade" and as you can see when you look at
the next chart it was right on.
I have found the algorithms in AGET to be normally (not always) better than
my trying to pick out counts as far as the primary trend once it is
underway.
As such that is why I respect the weekly PTI, that says if there is a trade
there, it does not see it.
And nothing on the daily gives any clue to a rally (yet).
don ewers
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 02, 2001 8:17 PM
Subject: Re: [RT] Natural Gas
> Chris,
> AGET is not much help on the weekly.
>
> Attached is the weekly continuous chart in "long term count (also the
units
> are different and the wave 4 depth?).
>
> As with all parobolics, the high will be a wave 3, and a wave 5 higher is
> unlikely to occur, as evidenced by the low PTI of 5 (long term count being
> used and 10/70 oscillator). It is saying best case for the wave 5 is a
> double top or a failed 5th meaning it never goes up in a wave 5. Bottom
line
> as far as the "AGET weekly", no trade is indicated off a weekly. It does
not
> mean it cannot rally, just no stardard "setup". The daily may reveal
more,
> as far as a potential rally, I will post that next.
> don ewers
>
> ----- Original Message -----
> From: "Chris Cheatham" <chrischeatham@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, July 02, 2001 9:41 AM
> Subject: [RT] Natural Gas
>
>
> > Anyone watching Nat Gas? attached is a weekly chart
> > of the futuresource 18 month strip. Looks to me like
> > a big reversal is due either here (Andrews line + 50%
> > retrace and previous 4th wave) or perhaps 3000 on the
> > strip which is a stronger Andrews line and 618
> > retrace. I'd be curious what Aget thinks of the strip
> > chart -- if anyone is interested I can send an ascii
> > of the data.
> >
> > Regards,
> > Chris
> >
> >
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: "NG01Qday070201.gif"
Attachment:
Description: "NG01QdayWhat if032701.gif"
|