SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (7075)11/11/2001 12:10:42 PM
From: ontrack7  Read Replies (1) | Respond to of 8150
 
wave3=wave1x1.618,then + it to bottom of wave2

wave3=(9489.33-8062.34)1.618=2308.86 now add this to 9014.46
the low on 11/1 u get 11323.32 the top of wave 3



To: Chip McVickar who wrote (7075)11/11/2001 12:17:55 PM
From: ontrack7  Read Replies (1) | Respond to of 8150
 
once an uptrend is set,draw an initial channel,draw an uptrend line connecting the bottoms of wave 1 and wave 2,
then draw a parallel line over top of wave 1......if wave 3 begins to accelerate beyond the upper trendline of the channel,which is the line over top of wave1,the lines are then redrawn along the top of wave1 to new top that broke out of channel and then a parallel line starting with bottom of wave2



To: Chip McVickar who wrote (7075)11/11/2001 12:22:01 PM
From: ontrack7  Respond to of 8150
 
the final channel is drawn once wave 2 and wave 4 are in place,bottom channel,top channel then drawn parallel thru top of wave3