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Pastimes : Ask da_cheif
MVIS 0.921-1.8%3:59 PM EST

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To: dospesos who wrote (1168)4/24/2001 5:42:46 AM
From: GROUND ZERO™  Read Replies (1) of 8150
 
Sorry if I confused you, let me phrase it another way...<g> you have a fork originating from mid 1999... after looking at that fork, there are three things that could be done with it...

1) from the upper median, one can draw a third line equidistant above that upper median... yes, prices have not gone to that level yet, but they will and that higher upper median will show you where future selling will meet the market.....

2) if the lower median were drawn from the October low, which is the lowest low for that fork, then we can see that the recent low made just a few weeks ago actually came to that line and rallied.....

3) if the lower median were adjusted as suggested in item #2, then we can see that the current rally stalled right at the central median of that fork.....

Sorry if I confused you.....<g>

GZ
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