Re: [RT] Can I Have A Little More Bounce in My Donchian Please?

["Gene Pope" <gene@xxxxxxxxxxxxx>]

Hi Nick,
 
If you look at the chart again, you'll see both 
ends of the channel lined up on the same bar on the right-hand side. The offset 
is the same. The offset is used to help confirm a so-called Donchian bounce 
pattern I perceived some years ago.
 
The T lines are based on yesterday's high, with 
Fib projections up and down, skipping T1. Obviously you can adjust these to 
any starting point, but I found them more valuable using previous day's H/L/C. 
And yes, I've found it significant when a projection is close to a 
channel.
 
Good luck,
 
Gene Pope
 
 
 
 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Nick 
  Ali 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, July 11, 2002 6:14 
  AM
  Subject: Re: [RT] Can I Have A Little 
  More Bounce in My Donchian Please?
  
  Gene,
   
  Interesting chart. I was wondered how it was set up. Your bottom 
  channel appears to be offset -2 where as the top does not I wondered why that 
  was? Also wondered what the previous high "T" lines where? They seem to have 
  close correlation with channel lows.
   
  Thanks,
  Nick.
   
   
   
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Gene Pope 
    
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Wednesday, July 10, 2002 2:44 
    PM
    Subject: [RT] Can I Have A Little More 
    Bounce in My Donchian Please?
    
    Attached is 120 min chart of Naz Comp from 
    May 15 to today.
     
    Interesting to see the intensity of bounces 
    grow before each subsequent breakdown. Polarization is 
    increasing.
     
    This is the third major bounce now. Make or 
    break target 1336.
     
    Best regards,
     
    Gene Pope
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