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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Jerry Olson who wrote (4406)4/14/2000 12:16:00 PM
From: Patrick Slevin  Read Replies (1) of 7434
 
Interesting thing about that Channel Count.

It works both ways. Using the Channel Count the other way had downside Targets

First target was 1443,
Second is 1393

Remember, the Channel Count is the same as the Horizontal.....the targets may be slightly different due to the use of box sizes in PnF.

EDIT

Interesting thing about it, making the Second Target is an iffy sort of thing. I haven't researched it enough to see how often it works but it came very close here.....the Low was 1395 so far.

Having trouble posting, must have taken 6 or 8 minutes to post this message the first time.
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