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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (10762)8/22/2001 11:56:38 PM
From: Paul Shread  Read Replies (1) of 209892
 
Ask and ye shall receive...

If I use several touches in 1994 and call April 4 a piercing of that line, we bounced just about at that line today:

cache.wsrn.com

But if I use 1 touch in 1994 and April 4, we didn't quite touch it:

cache.wsrn.com

Allan could no doubt do those lines more precisely.

Interestingly, 1468 was the exact measurement down out of the H&S top in May and June: 2070 head - 1769 neckline = 301; 1769 - 301 = 1468. But every other H&S top has exceeded the minimum downside...
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