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Non-Tech : Discount Supermarket Anti-Play Position Trades
QQQ 611.67-1.9%Nov 6 4:00 PM EST
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To: Don Pueblo who wrote (94)2/12/2002 8:38:56 AM
From: MechanicalMethod   of 303
 
If you're referring to the daily range projections those are opens outside the bounds of the range. Green if above and red if below. That's based on Tom DeMark's rules for those conditions but it might be best to filter breakouts less than 12 hundredth's as you suggested.

If you're talking about the multiple timeframe thing you described in a pm ... then the reply I sent last week describes a parallel approach. Just follow the yellow bricks I pointed to and you're on your way to seeing how it differs if it even differs at all from what you suggested. Here's a fix for the problem it described. It's not eloquent but it's v0.02 and it's an improvement over the other method. It will be eloquent further on as the road continues to wind closer toward the wizard's palace

if ctr5=1 then m5[i5,0]=Open;
m5[i5,1]=highest(H,ctr5);
m5[i5,2]=lowest(L,ctr5);
if ctr5<5 then ctr5=ctr5+1 else begin ctr5=1; i5=i5+1; end;

MM
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