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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Dante Sinferno who wrote (39872)9/23/2001 9:08:41 PM
From: Doug R  Read Replies (1) of 79227
 
Rob,

Thanks for doing the math. I had been using 7900 as a general guide for what to expect and had not actually done the math myself but used a line drawn on the chart to Sept since this month fell at the mean of the usual expected timeframe. Lines draw from that far back can be tough to derive an exact price from since even 1/2 of one degree of error in the slope of the line in either direction can result in quite a wide range.
Wart had first suggested the mathematical approach and it's come in very handy.

Thanx again,
Doug R
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