The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ivan solotaroff who wrote (10243)	1/8/1998 10:55:00 AM
From: Esteban	Read Replies (3) of 79135

Ivan, Re: I did remember the figure from 10/10 (the post-second-gap high), and acted as much on that as on instinct. So you used the second gap as a resistance point to trigger the short. Very good strategy. When prices reverse at meaningful resistance points I would think the chances for success on the short reversal are high. Re: The contribution to MEEP comes from the 10th and 12th tops. Follow the line, and you not only get a signal confirmation. You probably come within a few teenies of dictating the actual price. I'm not following this one. I don't see a 12th top, did you mean the 17th, or 5 trading days after 12/10. If so I see the day after the signal breaks the MEEP. For this to be effective maybe we need to draw lines from only the last two tops if the original meep is at a shallower angle. In this case a line from 12/17 through 12/22 works perfectly, believe it or not. Esteban

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next