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Since you're saving my posts, you would be able to look back and find a few
observations. Whether they were worth anything or not is left to the
reader.
And for the record, I regard questioning methods as worhwhile. On your
website (where you sell market signals (free plug)), I believe you state
that this new "stealth" method you've developed can determine support and
resistance with a mere 2 points and a secret equation. I question this.
Your method looks real good at telling us where support and resistance were.
But it looks like we'll have to wait "many years" to determine how effective
this method is going forward.
Kent
----- Original Message -----
From: "BL" <blee7@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, August 25, 2001 2:58 PM
Subject: Re: [RT] Crude Oil Futures - Long Term
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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>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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