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If I
may ask what is the offset you use on the Donchian.
<FONT face=Tahoma
size=2>-----Original Message-----From: Gene Pope
[mailto:gene@xxxxxxxxxxxxx]Sent: Tuesday, March 12, 2002 10:12
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
sp500/nasdaqAttached is chart I often used
daytrading. COMPX. 120 min chart (one of myfav intervals).The
thick pink channel is an offset Donchian. Candles highlighted in
yellowshow a "Donchian Bounce", that is, a reversal candle that touches
thechannel. It tends to show when reversals begin.Targets on
reversal can be a) gray midline, b) red 50 period SMA, c)opposite
channel.Lime green line tracks previous highs, horizontal purples are
T2 FIb lines.Today's action broke us below the 18 EMA (cyan line) and
the 200 SMA (purplecurve). There is a distinct convergence of T2, midline,
and 50 SMA targetsto the downside, but the channel is still
upward.Ignore Vix indicator, not active when viewing COMPX. Stoch and
%R on bottomshow lower highs, but On Balance Volume (lime) hasn't rolled
over yet.Best regards,Gene PopeTo unsubscribe
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