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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (5187)12/4/2001 1:58:24 PM
From: Chip McVickar  Read Replies (1) of 33421
 
Hello John,

>>Been using TradeStations Speed Resistence Fan lines for insights into price and time dividing<<

>>I have done some work especially a few years ago with speed resistance lines, they were a very popular topic for me at one point<<

You're always one step ahead of the rest of us.
Got'ta question if you don't mind and it's on the Divide Time element.
How does one optominially use them...?
Off peaks and Lows...?

Example:
I've got this chart up.... @DX(D) Daily [NYBOT] US Dollar Index Continuous Contract Pit....

#1 - downwards
On 7/06/01 @ 121.71 peak placed speed resistance lines drawn to low at 9/17 @ 111.83

#2 - upwards
On 9/17 @ 111.83 low placed speed resistance lines drawn to recent high 10/1 @ 114.14

Okay.., I see how the fan lines look going forward.
But how do you use the Divide Time element to Forward Project...? It's all behind and backward looking. In what manner are these rectangles projected forward... and is it about squaring Time..?
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