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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (8280)11/10/1998 10:00:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
15 to go.....:)

I think that it has a lot of potential. I am working with charts that span several time frames trying to figure it out. I think your experience with moving averages and their reactions gives you an easier read of it...I think that not only the do the blue lines act as support or resistance, I think that they act as a magnet to the price, pulling it up or down to meet the blue lines. It does not seem to get very far from the blue until it begins the gravity attraction.....




To: Patrick Slevin who wrote (8280)11/10/1998 10:01:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
16.

Oh yeah, and another thing. The closer they are together (a convergence of the lines) the more they seem to attract the price, yet, that is also the best chance of a major move away from them. A bit of a double edged sword....