Hi, Maurice, as I explained in my e*mail to you earlier today after you were so prompt and generous to share your Lotus Spreadsheet,
I have some left-over colloquialisms from my days as a commodity broker for Heinhold in Chi-town.
One of them is the "fat crayola" indicator(s)...
You see, back in the early 80s, we did all our charts by hand,
and spent big bucks subscribing to commodity charting services who generated theirs by monster mainframes who could split a 1/16" x 1/16" inch boxes into 99 separate horizontal markings for precision in drawing trend lines.
We all used .02 engineering Pentels to do our daily charting after markets were closed before we went home, but still felt like we were drawing with fat crayolas...
Now that we all have access to said computer generated charts on any given stock/commodity/index or chart indicator, we, too, can split 1/16" x 1/16" chart grid boxes into 99 seperate horizontal markings if you please. However, I've never forgotten how to draw w/my "fat crayola," and how doing so, would skew things into my "favor" when looking for things like Key Reversals, trendlines, BollingerBands, etc ., etc., etc.
As a matter of fact, when trying to get an edge by anticipating what a market maker might do, I PREFER my fat crayola as a heads up possibility. It also means I'm searching for "supportive TA evidence" for my personal bias as evidenced by my trying to catch a falling knife SSAX buy today(grin)
Good investing and thanks again...
O/49r |
