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I thought, and still believe, that these are called
SUPPORT and RESISTANCE levels?
Or, is this a new concept?
Canyou please explain how does oen go about
determining these "Energy" levels?
Thanks
To: realtraders@xxxxxxxxxxxxxxx
From: "Jim White" <jwhite43@xxxxxxxxxxxx> Add to Address BookAdd to Address
Book
Date: Sat, 9 Apr 2005 09:15:39 -0700
Subject: [RT] Energy levels
Do markets trade between energy levels i.e. pure number levels? Attached is
a monthly price history of Electronic Arts along with primary energy levels
(blue lines at 24,48,72) and minor levels (light blue lines). The dark blue
line running through price is a median price. The hypothesis is that each
market has characteristic energy levels between which it will trade until it
"jumps" a level. Knowledge of the energy state can be quite valuable to the
trader or investor. Draw your own conclusions?
Anyone care to comment on this theory?
Jim White
PivotTrader.com
Home of the Near Impulse Forecaster
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