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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: gonzongo who wrote (578)4/1/1997 8:02:00 AM
From: Gale A. Thompson   of 3325
 
Hi Andy,

"The downtrending channels- make 5/23/97 a decent point for
the end of the run if the script is followed."

I should be going to work, but I made th mistake of reading this first....

I have put up Jerry's channels, your Fib's, and Richard's point of 66 on 5/23. In addition, I've put up Fib time zones starting at your July low and also put up cycle lines (CPQ appears to be in a 12 day cycle). At our intersect point of May 23 @ 66, nothing lines up. The Fib time zone isn't until 6/13 and the next cycle line is dated 5/30. The only thing that I have that corresponds to 66 on 5/23 is the Linear Regression slope line. If that's what everyone is using for predicting price, what are you guys using to predict the date? I see no support or resistance on my 2 year chart that would suggest that this is a turning point, nor cycle or Fib lines. What am I missing?

Thanks for the opportunity to dissect this with you guys!

-- Gt --
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