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Hi Rod,
The x-axis units are days for the natural gas and crude charts just posted,
though I have examples where the x-axis represent days, weeks, months and
quarters. I'm not implying "what'' moves the market, I just know that
financial markets move in straight lines in a unique data dimension (not
semi-log). These straight lines change direction, for whatever reasons,
whenever they please. My main goal is to identify these straight-line
trends once they become evident and realize when a trend change is likely.
Straight-lines are naturally easy to forecast, thus the channels I place on
the charts.
In regards to Kent's sarcastic innuendo, I will just answer with a response
he provided earlier this year. Also, he must not have read my recent posts
which show current, daily channels for Nasdaq-100, Natural Gas and Crude
Oil.
>I strongly agree with this. This is not a mailing list with children on it
There are some people who never 'cuss and who post >worthless crap and some
people who post great info and great carried away a little in the heat of a
debate. I'd rather have >substance than pomp and circumstance.
>Kent
I anxiouly await your "non- worthless crap" market insights.
Brian
----- Original Message -----
From: "J. Rodney Grisham" <grisham@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, August 25, 2001 8:38 AM
Subject: Re: [RT] Crude Oil Futures - Long Term
> Brian,
>
> > In the event long-term resistance is defined by the currently defined
> > resistance curve, it will be many years before the bulls potentially
have
> > their way. This is a very shaky projection, however, given the current
> > curve has only been tested three times.
>
> In this particular case, it is world politics which is controlling
> prices, not the market itself, IMHO.
>
> BTW, what is the x-axis unit of measurement in your recent group
> of support and resistance charts?
>
> Rod
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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