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Has never showed up ... reposting.
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 17, 2002 1:47 PM
Subject: Re: Fibo example
> None of posts have shown up .. here is confluence of time and price, buy
> order in 112375 limit
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 17, 2002 12:34 PM
> Subject: Re: Fibo example
>
>
> > First post has not shown up yet but thought I'd send along another. 38%
> time
> > retracement of the secondary low did not hold the low, now we have
> > confluence of the 38% primary time retracement and 62% secondary
> > retracement. Also a cluster of price targets in a 2 handle range. This
is
> > not the nice clean looking chart I like to work with but you work with
> what
> > you have.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, April 17, 2002 11:29 AM
> > Subject: Fibo example
> >
> >
> > > Another fib chart in emini, this is 5 minute.
> > >
> > > a) major rally stopped 2 ticks short of the 68% retracement back to
the
> > > 1156.25
> > > pivot high.
> > >
> > > b) W.C stopped 2 ticks short of the 100% expansion where W.C = W.A.
This
> > > would be a minimal price correction.
> > >
> > > c) left vertical cyan line is the 38% time retracement of the rally
from
> > the
> > > 1102.50 secondary low, right cyan line is 38% time retracement of the
> > rally
> > > from the 1100 primary low. I do not consider a correction complete
until
> a
> > > minimum 38% time retracement has been met.
> > >
> > > d) heavy green lines at 1122.25 and 1121.25 are the 38% retracement
> levels
> > > measured from the primary and secondary lows ... I generally look for
a
> > 38%
> > > retracement level to be reached following a major price move.
> > >
> > > e) also shown is a retracement tool to measure the rally from the last
> low
> > > and so far, the 62% + 1 tick has contained the rally.
> > >
> > > Should retracement time, retracement price, and correction expansions
> come
> > > together in confluence, I would consider a long position with tight
stop
> > to
> > > have a very high probability of profit. As the chart evolves, I may
see
> > > other opportunities should the "ideal" not show up.
> > >
> > > Now, if some of the programming genius' here want to program this
stuff,
> > be
> > > my guest. At one time I was a programming maven, did a lot of work on
> this
> > > stuff, and never succeeded in getting close to the kind of eye and
hand
> > work
> > > I can do very quickly on a manual basis.
> > >
> > > Earl
> > >
> >
>
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