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Gene, do you have an opinion on the use of VXN in your system?
thanks,
bobr
----- Original Message -----
From: "Gene Pope" <gene@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 12, 2002 7:11 AM
Subject: Re: [RT] sp500/nasdaq
>
> Attached is chart I often used daytrading. COMPX. 120 min chart (one of my
> fav intervals).
>
> The thick pink channel is an offset Donchian. Candles highlighted in
yellow
> show a "Donchian Bounce", that is, a reversal candle that touches the
> channel. 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
(purple
> curve). There is a distinct convergence of T2, midline, and 50 SMA targets
> to the downside, but the channel is still upward.
>
> Ignore Vix indicator, not active when viewing COMPX. Stoch and %R on
bottom
> show lower highs, but On Balance Volume (lime) hasn't rolled over yet.
>
> Best regards,
>
> Gene Pope
>
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