|
PureBytes Links
Trading Reference Links
|
Thanks Don,
As you already know, I am a fundamental trader but you tech guys are part
of my fundamental scheme. If you are in consort with regard to an equity,
index or commodity, I pay attention. I respect everyone's ideas and what
works for them and you sharing this information is helpful and appreciated.
Bob
At 01:40 PM 4/10/2002 -0500, you wrote:
>BobKC,
>Here is the 60min chart on AOL (I added the daily again if needed for
>reference).
>
>It is just looking at the price structure from minor wave 4 of wave 5 on the
>daily (basically the point where the regression channels start on the daily
>chart). If the pattern is correct, then it is in the extended wave 3 range
>which only happens 8% of the time. In otherwords a time to tighten stops if
>one were short or cover. What could happen from here is a wave 4 rally on
>the 60min, followed by another final wave 5 decline (provided the PTI stays
>high enough, currently 99) that might reach down into the refined area shown
>on the daily.
>
>The wave 4 rally could trigger a "false buy on the daily" (braking the
>regression lines and 6/4 ma), which I call the "fooler", until pattern is
>"really" done.
>
>As an add on I have not used 60min charts on stocks all that much (do on
>commodities though) so this falls in the FWIW department (meaning little
>experience as to the accuracy).
>don ewers
>
>----- Original Message -----
>From: Don Ewers <dbewers@xxxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Wednesday, April 10, 2002 1:05 PM
>Subject: Re: [RT] AOL
>
>
> > BobKC,
> > Here is what AGET is saying on a daily chart FWIW.
> >
> > Price is definitely into some support areas including the MOB's and just
> > entering the wave 5 target range (I also did an "internal" wave projection
> > of just wave 5 which shows an even more refineded target range which "may"
> > come into play as well).
> >
> > Typical trade rules would require a break of the regression channels or
>the
> > 6/4 ma channels to trigger a buy. I will look at a 60min to see if it
> > reveals anything more in detail. If so I will post it.
> > don ewers
> > ----- Original Message -----
> > From: <bobskc@xxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, April 10, 2002 12:21 PM
> > Subject: [RT] AOL
> >
> >
> > > I felt that a bottom may have been put in for AOL today and bought in at
> > > 20.33. The 20M new shares was filled without effort and the low volume
> > > leveled ... Warner is worth about $22 as a weighted mc which means AOL
>is
> > > free and you get TW at a 10% discount. Just my thoughts and action..
>all
> > > due diligence in order of course.
> > >
> > > Bob
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to 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 http://docs.yahoo.com/info/terms/
|