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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (7114)6/12/2008 11:34:31 PM
From: Galirayo  Read Replies (1) of 41419
 
It's not that difficult unless you make it that way.

Price tracks a Line .. once it's broken it moves to the next line ..
& hunts for a line to track. If it's tracking the 45* 1x1 .. it's in Trend.
The areas where the lines cross produce Support on Horizontal.

Like Fibonacci Support only it's not Fib numbers .. it's Harmonic .. in 1/2 .. 1/4 .. 1/8 .. 1/16 ..
The Lines Crossing produce the Horizontal Line at the Intersection as well as the Vertical Line.
The Square of Nine is a check on the correct placement of the intersections.

Today Price is past the Vertical Intersection and the Horizontal Line is holding.

Price is trying to Square with Time .. and it's at the point of trying to decide which line to track as ...
Today ... Price is at the Mid Point of 2 Lines on the Horizontal Intersection.

Which just happens to be some Strange Fibonacci Number as well .. so ..

Here We Are !!! LOL

Gann believed that Price will Square with Time .. or in other Terms.

Price Will Return to the Mean.

I made the 2 Lines Very RED on the 2nd chart ... and added the Price at which they will be tomorrow.
1346 as R and 1329 as S .. and Price is Sitting on the Horizontal line drawn thru the Intersection.

1329 S is the intersection of Nov 30th not shown here and later Sept 08. [a Vert line I missed]

[Check the Square of Nine for other S and R areas.]

img116.imageshack.us



How do you like the Little Manouver that Price did within the Diamond Shape in the Middle ?

img136.imageshack.us

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