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Strategies & Market Trends : Tech Stock Options
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To: HairBall who wrote (54300)9/30/1998 10:22:00 AM
From: donald sew  Read Replies (1) of 58727
 
LG,

I dont get the theoretical figures but normally they are approximately 40-50 deviation from the actual lows.

I am using the 60 minute chart and for the DOW and per yesterday's close the LOWER TRENDLINE of the RISING WEDGIE was at 7945, which is in line with your theoretical figures (40-50 point deviation).

Also I am calculating an approximate slope of 1:4 to 2:9 for the LOWER TRENDLINE of the RISING WEDGIE, which would put it around 7975-8000 buy today's close. To approximate the theoretical position just substract 40-50 points.

Seeya
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