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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (6247)1/1/2000 5:36:00 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 18137
 
Alan,

I'm not certain how you are setting the levels on your chart. Since this is a predictive chart, I assume you are setting one of the intermediate levels (38, 50, 62) at some feature, and it looks like for the longer term levels you have set the 62 at the more or less triple top around 2900, and the 50 of the shorter term levels at the gap you identify with the bottom (0) at the low in late October.

Have I got this right?

Dan



To: TraderAlan who wrote (6247)1/4/2000 8:16:00 PM
From: cloudless  Respond to of 18137
 
I often use this pattern on short term charts to target reversal points:

hardrightedge.com

Alan

Alan ~ thanks for the chart. Does this show up like an exhaustion gap? Or, how do I read the chart? Thank you, Cloudless


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