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39 minutes is 1/10th of the stock exchange trading session ... last bar is a
short bar on the futures.
Earl
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 5:39 PM
Subject: Re: [RT] Intra-day market activity
Tim Morge uses it.
39 min is 3 * 13 nothing significant really probably because he uses a fast
chart of 3 min.
I do. so it is kinds like a fib number...
don
----- Original Message -----
From: Steve
To: realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, July 17, 2001 5:03 PM
Subject: Re: [RT] Intra-day market activity
What is the significance of a 39min chart?
Why not use a 34min since it is a fibonacci number?
Just wondering
Thanks
Steve
----- Original Message -----
From: Earl Adamy
To: realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, July 17, 2001 2:15 PM
Subject: Re: [RT] Intra-day market activity
Look at the confluence on 39 minute chart of the 62% retracement of the
decline and the 100% ABC expansion of the first rally off the low all
coming
together at 1216+-. This was a good place to take profits and look for
possible entry on retracement.
Earl
----- Original Message -----
From: "Randall Kurzon" <rkurzon@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 11:59 AM
Subject: Re: [RT] Intra-day market activity
> Well we sure seem to be hitting overhead resistance. One of my
proprietary
> oscillators says this move up will take a little break now- we'll see.
I
> show the next major resistance level at about 1220 and then at around
1225,
> Friday's high. Anyone see a particular reason we should be stalling
out
here
> (1214-15)?
>
> Randall
>
>
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