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I've heard of this number before....can someone explain to me the magic of
"34" for a lookback period ?
Does it only apply to Daily bars or does it have merit for intraday as well
?
Also, if "34" is so magical, why didn't Tom Joseph use a 5-34 oscillator
instead of a 5-35 ;)
> -----Original Message-----
> From: profitok [mailto:profitok@xxxxxxxxxxxxx]
> Sent: Sunday, April 07, 2002 2:15 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] how low S&P monday or tuesday
>
>
> for short term trading I use 34 day high and Low
> Ben
> ----- Original Message -----
> From: "bluesinvestor" <investor@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, April 07, 2002 2:07 PM
> Subject: RE: [RT] how low S&P monday or tuesday
>
>
> > Ben,
> >
> > How are you getting your high and low values?
> >
> > Thanks in advance,
> > Peter
> >
> > -----Original Message-----
> > From: profitok [mailto:profitok@xxxxxxxxxxxxx]
> > Sent: Sunday, April 07, 2002 1:46 PM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: [RT] how low S&P monday or tuesday
> >
> >
> > A break of the 1117 will be dangerous
> > could mean 1080 is next
> > ----- Original Message -----
> > From: "profitok" <profitok@xxxxxxxxxxxxx>
> > To: <gannsghost@xxxxxxxxxxxxxxx>
> > Sent: Sunday, April 07, 2002 12:57 AM
> > Subject: Re: [gannsghost] Re: Mirror S&P
> >
> >
> > > Hello Jason
> > > you ask how low in sp500
> > > MM I plugged the last 34 day high and low
> > > and look at the gif for your answer
> > > it gives both support and profit objective
> > > best regards
> > > Ben
> > > ----- Original Message -----
> > > From: "jseaton357" <jseaton357@xxxxxxx>
> > > To: <gannsghost@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, April 06, 2002 11:23 PM
> > > Subject: [gannsghost] Re: Mirror S&P
> > >
> > >
> > > > Ernesto, this is exactly what I was talking about a few weeks ago
> > > > when I tried to point out a H&S pattern on the daily chart and why I
> > > > said "1120ish area" as possible support. Good time extension
> > > > analysis you did...just another reason I'll be looking at Mon as
> > > > likely support for some type of rally event, whether it be
> just a few
> > > > days or an entire month into May 8th area.
> > > > -Jason
> > > > --- In gannsghost@xxxx, "Ernesto Laban" <e.h.laban@xxxx> wrote:
> > > > > Looks like a mirror image. Tomorrow ( April 5th) will be the
> > > > > 161.8 % time extension.
> > > > > Ernesto
> > > >
> > > >
> > > >
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> > > >
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