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To: Jill who wrote (4418)11/12/2000 11:03:13 PM
From: Teresa Lo  Read Replies (1) | Respond to of 8925
 
It works with daily, weekly, monthly charts too...the key is picking the timeframes so that they are spaced reasonably well.

I always said that this whole thing was a parabolic, but with parabolics, timing the top is impossible. What we do then is each time it comes to test an old high, you have to be ready that this is the top, and a chance for it to break.

This was my opinion on January 3, 2000: 204.244.168.151

Some of the stocks did break then, such as QCOM, which broke the next day, I think.

Teresa



To: Jill who wrote (4418)11/13/2000 12:25:56 AM
From: Susan G  Read Replies (1) | Respond to of 8925
 
Particularly fascinating was where different moving averages lined up, so that traders in different time frames would be lining up as sellers or buyers (depending on the chart)

It is an amazing thing to watch! I've had my charts set up this way for several weeks now, futures and stocks. You won't believe how accurate it is.