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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (56308)	1/4/2014 11:20:01 PM
From: GROUND ZERO™	1 Recommendation Recommended By Justinfo Read Replies (1) \| Respond to of 218833

For the DOW chart, that's just a simple break out line... for the SP chart below the DOW, to time/price square it, all you do is square time and price equally... you count the number of days it takes from the recent low to the more recent high... let's say it takes 15 days from that low to the high, and I'm just using an arbitrary number for this example... so, from that high you move 15 days forward into the future on that chart and then draw a line from that previous low to that future point 15 days out at the price level of that more recent high... it's so simple... You do have to be sure the high (or low) is actually already in place... if you attempt this kind of time/price line before the move is over, then you're going to get false lines... so you do have to be very careful... And, of course, the inverse is true from a recent high to a more recent low... GZ