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Of course the numbers provide support and
resistance information. The issue becomes Are they more meaningful than variable
support and resistance numbers such as provided by Fibonacci analysis, Andrews
and others? Only you can answer that question for yourself.
Is this a new concept? by all means no. You
may want to research Gann squares, for example and the work of Gene Hurwitz. I
also recommend the book "God's Secret Formula" by Peter Plichta.
Regards,
Jim
----- Original Message -----
Sent: Saturday, April 09, 2005 9:54
AM
Subject: re: [RT] Energy levels
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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