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Hi Lee,
The offset is -2 (to the left), and the Donchian
lookback is 34.
Best regards,
Gene
<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:
Lee Morris
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, March 12, 2002 10:31
AM
Subject: RE: [RT] sp500/nasdaq
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: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>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 from this group,
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