Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (341)	1/4/1998 1:05:00 PM
From: Kapusta Kid	Read Replies (1) \| Respond to of 745

Don Fisher did write a book (self-published). In it, he explains the rationale for his method and also provides examples for use in standard spreadsheets like Excel and 123. Then he and his users got in contact with the developer of WAVE WI$E, who built the DGL features into his product. What you do is to build a few projections of varying durations. The theory is that the stock/index bounces off projected support and resistance. If multiple projections converge, they confirm one another and the S/R levels should be stronger. Although I am more of a trend follower, I do believe that support and resistance are based in reality, i.e., investor psychology. The DGL stuff is interesting. WAVE WISE makes it very easy to plot the projections. Each projection has 5 levels, but you can turn off those which are irrelevant, i.e., not near a current price. You can also extend the projections into the future. I find it difficult to explain, as you did with the pitchforks. But I am certain that you are on the "same page" as Fisher with his DGLs.