|
PureBytes Links
Trading Reference Links
|
Hi Norman, Earl and Chris,
I didn't catch the import of Norman's humour
the first time around, and I take no offence now that Earl and Chris were
thoughtful enough to chide him for poking fun. Thanks.
I would note however, that beyond the 2 Gann
Fans and numerous horizontal Fibonacci retracements from major historical
turning points (pivots?) shown on my short-term INDU chart, the lines on my
chart are either simple trend lines or Raff regression channels.
For Norman's benefit, I would cite
John J. Murphy's Technical Analysis of Futures Markets,
1986, at page 76:
"A down trendline (a resistance line) will
often become a support line once it's decisively broken. This is why it's
usually a good idea to project all trendlines as far out to the right of the
chart as possible even after they've been broken. It's surprising how
often old trendlines act as support and resistance lines again in the future,
but in the opposite role."
Enough said.
;-p to you too Norman, in that friendly
way.
Regards with thanks for letting me clutter
your RT email with my musings.
Tony
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Norman
Winski
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: September 10, 2001 3:59 PM
Subject: Re: [RT] Re: INDU
Earl, I think it was an attempt at humor. I
know I smiled. If you look closely,Mr. Marley put a smiley thing next to
his signature. I don't think any illwill was
intended.Cheers,Norman----- Original Message
-----From: "Earl Adamy" <<A
href="mailto:eadamy@xxxxxxxxxx";>eadamy@xxxxxxxxxx>To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Sent:
Monday, September 10, 2001 12:05 PMSubject: Re: [RT] Re:
INDU> I don't see the value in chiding Tony for the charts he
has chosen toshare.>> Earl>> ----- Original
Message -----> From: "Robert Marley"
<smokegreenbuds@xxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Monday, September 10, 2001
9:46 AM> Subject: [RT] Re: INDU>>> >>
> Tony,> >> > Still a little lacking in the line dept.,
I mean, if you can still> > see the bar chart itself, that probably
means you didn't use enough> > lines.> >> >
;-p> >> >> >> >> >>
> --- In realtraders@xxxx, "Tony Pylypuk" <tpylypuk@xxxx>
wrote:> > > You're absolutely right.> > >>
> > Here is the INDU file I currently work with.> >
>> > > Regards,> > >> > >
Tony> > > ----- Original Message -----> >
> From: Robert Marley> > > To:
realtraders@xxxx> > > Sent: September 9, 2001 3:14
PM> > > Subject: [RT] Re: INDU> >
>> > >> > >> > > Tony,
hi. thanks for sharing your charts.> > >> >
> Call me silly, but those charts need some more lines drawn
on> > them.> > > Not enough lines I
think.> > >> > > -RNM> >
>> > >> > >> > >> >
>> > > --- In realtraders@xxxx, "Tony Pylypuk"
<tpylypuk@xxxx> wrote:> > > > Attached is a
101 year monthly chart of INDU with the major> > trend> >
> channels and Fibonacci time lines from 1932.> >
> >> > > > Also attached is a 2
+ year chart of INDU with additional line> > >
studies.> > > >> > > >
Of interest, is the fact that the bull market trend channel> >
which> > > commenced in 1982 has yet to be
violated.> > > >> > >
> That trend channel intersects with the support trend line for>
> the> > > current bear market on or about
November 26, 2001 at or about> > 8720 in> >
> the vicinity of a 38.2% retracement of the move from
November,> > 1994> > > to January,
2000.> > > >> > > >
FWIW.> > >> > >> >
> Yahoo! Groups
Sponsor> >
>
ADVERTISEMENT> > >> > >> > >>
> >> > > To unsubscribe from this group, send
an email to:> > >
realtraders-unsubscribe@xxxx> > >> > >> >
>> > > Your use of Yahoo! Groups is subject to the
Yahoo! Terms of> > Service.> >> >>
>> > To unsubscribe from this group, send an email to:>
> realtraders-unsubscribe@xxxxxxxxxxxxxxx> >> >>
>> > Your use of Yahoo! Groups is subject to<A
href="http://docs.yahoo.com/info/terms/";>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 <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>>To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|