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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: bruce-l who wrote (37077)9/20/2000 6:28:00 PM
From: Warthog  Read Replies (2) | Respond to of 79450
 
how about math...
on 5/24 the low was 6.375
on 5/31 the low was 6.875
I get a slope of .125 per day.
There are 78 bars since 5/31 (if I counted correctly)

hence 6.875 + 78*.125 = 16.625

wart
I agree on the other data...my eyeballs are bad.



To: bruce-l who wrote (37077)9/20/2000 6:54:40 PM
From: Alski  Read Replies (2) | Respond to of 79450
 
AINN ACT:
I can get under both of yous. 5/24 thru 5/31 jumps around a bit in Meta depending or how long a chart is displayed cause the anchors are so close together (roundoff error). It's virtually the same as 5/24 thru 6/8 though. Those two lines seem to be at about 14.0X today & about 14 5/32 tomorrow.

My calculator says 6.375 to 6.75 in 4 days would be 3/32 per day; which extrapolates to 14.0625 in 82 trading days, which I think would have been today. Hmm, and 6.375 to 7.3125 in 10 days is 3/32 per day too. They are the same line, at least with the data I've got. Imagine that.

Looks like y'all might have used 5/24 thru 5/30 but that line was violated 5/31, 6/7, & 6/8.

FWIW...Alski