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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: HEXonX who wrote (32380)1/28/1998 5:21:00 PM
From: username  Read Replies (1) | Respond to of 61433
 
It's a formula from his book, (c) etc.: if the stock closes up, hi+lo+close+hi over 2 = X. next day's range: hi = x - lo, low = x - hi. It's used to give a range, the significant things happen when the stock moves outside the range, IMHO. It's just a tool, like all the other ones. BTW, the formula is different if the stock closes down. It's a good book, buy it. (That's my plug) pete


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