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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: dospesos who wrote (4535)	8/22/2001 7:30:16 PM
From: dospesos	Respond to of 8150

now if ya wanna see where the next resistance might be found, draw a line from ytd's high to ytd's low and put an X at 50% of that time/price range. then draw a line from the low on the 17th through that X and see where that line goes tomorrow and thereafter. tomorrrow comes out at ~ 1177-1182, etc. you can do this stuff in all timeframes without a software program. just print out a chart and get a straight edge ruler and a fine point pencil. if you look at longer than about a week in time, use SPX or 3 month perpetual or constant forward spooz so the futures premium decay on the active contract doesn't screw it up. for short term it doesn't matter a whole hell of a lot. put that together with all the good stuff the cheif teaches and you're a winner.