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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (163569)	3/4/2008 12:02:28 AM
From: illyia	Respond to of 209892

Trial and error. I've found that... hummm... this is easy to do but hard to explain. The chart does it all by itself. Find the channels and where they cross channel lines you get a turn-point. Doesn't give you direction. E-wave, other technical, fundies, common sense... those give the clues. But the dates sure work. Works on very small moves, too. Right down to the wiggles. The clue on this chart for me was when DJX fell right out of its down channel on the low, but didn't hit the big line in the sand... didn't even come close. I smell a potential Big W completed in early April. That said, a break of the Line In The Sand would be a rather large tell. Oddly enough, the INDU and DJX PnF on StockCharts yield quite a different result. INDU has a massive up-move on PnF. DJX goes down to 9800. Guess we are heading into something BIG. Good for call/put games. And, volatility, finally, too! Later. Next time I'll try a gold chart. To the moon with that! Thanks for the help, Ray, i.