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To: ajtj99 who wrote (7659)2/6/2003 6:22:41 PM
From: mishedlo  Read Replies (1) | Respond to of 10157
 
How the Hell do I know? I cant read them either. ggg
Maybe Velo can.
People like Brian's posts so I post em.

M



To: ajtj99 who wrote (7659)2/6/2003 7:58:26 PM
From: quote 007  Read Replies (1) | Respond to of 10157
 
on a 10 point chart next support is around 810 -820 then 770-780



To: ajtj99 who wrote (7659)2/6/2003 11:25:07 PM
From: Dan Duchardt  Respond to of 10157
 
I'm no expert, but I did go through the tutorial (free) on the Dorsey Wright site. I remembered (and went back to check) a "horizontal price objective" as 2x the width of a consolidation subtracted from top. In this chart

stockcharts.com[PA][DA][F!3!!][J10030938,Y]&listNum=4&pref=G

that would be 2 x 7 or 14 boxes down, 70 points below 860 at 790. Then there is a vertical price objective that is basically double the length of the decline from the last buy signal (the higher high at 935), which on this chart is 18 x 2 or 36 boxes. That's 180 down from 935 or 755. I'm more inclined to be a bit more conservative and just say another 18 boxes counting the ones starting at 855, or down to 770. If you believe in this stuff, you've got to be thinking about a retest of the October lows.

Disclaimer- I am a novice at this and will gladly defer to anybody who has really studied it and uses it regularly