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chas,
each line a lower or upper or medianline is an price attractor.. so if price
climbes above a line like the medianline. the nbext target should be the
upper line.
of course that happens only in 80% of the cases ( according to dr. andrews)
so you should also know what can happen if price doesn't go to the next
line.
but i guess the other could explain it in bettter english then i do ...
maybe it helps for the beginning
carsten
----- Original Message -----
From: "chaze" <chaze@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 18, 2008 3:08 PM
Subject: Re: [RT] RE: Gold
> ML Guys-
>
> Please, I'm a little confused. Exactly where is the 'make
> or break' point for any
> new uptrend. The Lower Medium Line; or the Middle Medium
> Line? Thank you.
>
> Chas
> =====
>
>
>
> On Thu, 18 Sep 2008 18:54:27 +0800
> "Jeff" <jharteam@xxxxxxxxxxxxxx> wrote:
> > Hi Carsten & traders:
> >
> > Intraday charts have already tested and are still
> >testing the Daily Median
> > Line at around 868.5 ~ 870.0; intraday pattern is in the
> >making but has not
> > been resolved yet. It is important to note that both my
> >Daily upward
> > sloping fork and yours have NOT been tested of their
> >validity yet. All the
> > same, thank you for you contribution and insight. Price
> >Actions and Babson
> > Action/Reaction time line will point to a resolution of
> >the current posture
> > of Gold. I will post some intraday charts later once
> >pattern starts
> > showing up. Take care.
> >
> > Have a good one
> > Jeff Harteam
> >
> > -----Original Message-----
> >From: realtraders@xxxxxxxxxxxxxxx
> >[mailto:realtraders@xxxxxxxxxxxxxxx] On
> > Behalf Of c.l
> > Sent: Thursday, September 18, 2008 6:13 PM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: Re: [RT] RE: Gold
> >
> > hi jeff and all the others,
> >
> > i have put in also a new up fork and we have already got
> >the first target
> > the medianline.
> > so we could see a retest of this white ml after this
> >zoom bar. next target
> > would be the white upper mlh.
> > since we have seen a new swing high above the high from
> >28.8.08 we are in a
> > new uptrend.
> >
> > otherwise ( and the ma50 is still falling) we could see
> >a drop below the ml
> > and i guess that would mean we have not seen the lows.
> > then i would lavbel this upmove as a P4 and we still
> >have to see a P5.
> >
> > good luck
> > carsten
> >
> >
> > ----- Original Message -----
> >From: "Jeff" <jharteam@xxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, September 18, 2008 5:13 AM
> > Subject: [RT] RE: Gold
> >
> >
> >> Greeting Traders:
> >>
> >> Gold yesterday's powerful up move was caused by an
> >>intraday Butterfly
> >> Harmonic pattern; currently, the rally of Gold is halted
> >>by a downward
> >> sloping Daily pitchfork; possibility of another down
> >>move is at sight in
> >> response to the said Daily pitchfork. The overall
> >>long-term posture of
> > Gold
> >> is one of bullishness as depicted on the Daily chart;
> >>this upward sloping
> >> fork has NOT been tested yet of its validity. A decline
> >>to its Lower
> > Median
> >> Line would be an ideal setup to monitor of its validity
> >>and act
> > accordingly
> >> for the bullish scenario. Attached is the 60-min and
> >>Daily spot gold
> >> charts. Take care.
> >>
> >> Have a good one
> >> Jeff Harteam
> >>
> >> -----Original Message-----
> >> From: realtraders@xxxxxxxxxxxxxxx
> >>[mailto:realtraders@xxxxxxxxxxxxxxx] On
> >> Behalf Of chaze
> >> Sent: Thursday, September 18, 2008 8:55 AM
> >> To: realtraders@xxxxxxxxxxxxxxx
> >> Subject: [RT] gold
> >>
> >> Ben-
> >>
> >> Any chance we can view your gold charts? If this is a
> >>sub
> >> that's OK; I understand.
> >>
> >> Best regards,
> >> Chas
> >>
> >>
> >>
> >
> >
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
>
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