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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (21634)9/26/2000 8:58:36 AM
From: AllansAlias  Read Replies (2) of 436258
 
The principal lines controlling price movements in the COMPX were born long ago. I always get a good laugh at postings by TA types that only look at a few months of data. (BTW, the lines I am referring to are drawn with software, not by hand.)

An X-Files Line:
There are many illuminating price interactions in the 4 or 5 lines I am referring to. As one example, take a weekly chart, connect the lows of Aug and Sep. Extend the line left and you will touch the highs in Jul/99. Follow it left some more and you arrive at the 1987 low.

As always, I use log charts.

Geeze I wish we had a clown Web site we could post pretty pictures on.
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