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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: bob wallace who wrote (9824)3/9/1999 1:50:00 PM
From: Dick Brown  Read Replies (1) | Respond to of 12039
 
re TMO..
This isn't a system to day trade..after a base like this it could take a few months..but doesn't look like I would have made a mechanical entry today either..I'll give it till tomorrow and will follow if I would have entered..
My system didn't pick a divergence yet in ITW..But there is an
average true range component that probably didn't meet the requirement..
Don't usually speak to on going trades..
Dick.



To: bob wallace who wrote (9824)3/10/1999 8:57:00 PM
From: Dick Brown  Read Replies (1) | Respond to of 12039
 
Looks like the bullish divergence on TMO is a pass at this time.
Triangle has formed..Considering the damage done already would guess a positive out of the apex..
Who knows?
Dick.