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Right...
If price is making new lows, there must be a prior high
somewhere than can be used to find resistance points
to go short..
-Neal.
At 11:05 AM 12/26/2000 -0500, you wrote:
>Ken,
>
>When the retracements are running out in the time frame you are looking at
>go to the next higher time frame. This will give you a better picture of
>whats going on and you'll find the significant nodes and hopefully some
>confluence.
>
>Ed
>----- Original Message -----
>From: "Kenneth Lu" <klutz@xxxxxxxxxx>
>To: <dlevels@xxxxxxxxxxx>
>Sent: Sunday, December 24, 2000 5:05 AM
>Subject: RE: [dlevels] COMPQ Daily
>
>
> > Hi Ron,
> >
> > Good to see you're becoming the Fibtrader online expert here.
> >
> > I'm at the parent's place for two weeks of Christmas vacation and have
>been
> > subjected to a week of non-stop CNBC during weekdays since my mother hangs
> > onto Maria's every last word as investment scripture, but that's another
> > story.
> >
> > I've heard people talking about the Santa Claus rally so much that I'm
> > really tempted to take the contrarian view. A few days up into the
> > confluence you've identified followed by a retest of our most recent lows.
> > Beyond that, who knows, although we do seem to be running out of 5/8
> > retracements if the nasdaq drops more than 100 or 200 points below recent
> > lows.
> >
> > Anyone know what to do when you run out of fib retracement support levels
> > because price has just gone too low? (i.e. many internet related stocks)
> >
> > -Ken
> >
> >
> > -----Original Message-----
> > From: Ron Nuckles [mailto:rnuckles@xxxxxxxxxxxxx]
> > Sent: Sunday, December 24, 2000 1:14 AM
> > To: dlevels@xxxxxxxxxxx
> > Subject: [dlevels] COMPQ Daily
> >
> >
> > What is your opinion? Is this the begining of the "Santa Claus" rally or
> > just an upward retracement.
> >
> > Thanks,
> >
> > Ron
> >
> >
> > To unsubscribe from this group, send an email to:
> > dlevels-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > dlevels-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
>
>
>
>To unsubscribe from this group, send an email to:
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---
DiNapoli Fibonacci techniques -
http://www.fibtrader.com
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