|
PureBytes Links
Trading Reference Links
|
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
>My call is that if the OP at 36 1/2 holds and
there is a DRPO failure, then there is a strong >possibility of the
retracement being the final leg of a "gartley" concluding at around 67 -
68.
>>>>>
It looks like another Gartley could form just
under 32 for the long entry. My studies suggest that it would be a
rather high probability Gartley if it triggers. Of course, definitions
of success with Gartleys are hard to come by. I've had to develop my own
rules.
As to the Gartley that would trigger in the 67-68
area, I'm curious about your experience with choosing what I call "arbitrary
x's". While the "x" you've chosen is an obvious reaction point, my
experience with this sort of "x" choosing is such that I would not be anxious
to go short in at its completion.
Have you any scanning formulas for digging up
Gartleys?
Kevin
>>>>>>>
Going long at 36 1/2 with a S/Loss @ 34 1/2 may
give a healthy profit.
The "gap down" at the opening is of concern,
so perhaps it would be prudent to wait until the stock has retraced to
the 41 level before entering Long.
The conservative approach would be to wait until
the completion of the "gartley" and short the stock at the 67
level.
Not exactly the Dlevel approach, but certainly
based on Fib analysis
Anyone with other thoughts?
JdFTo
unsubscribe from this group, send an email
to:dlevels-unsubscribe@xxxxxxxxxxx
Yahoo! Groups Sponsor
www.
To unsubscribe from this group, send an email to:
dlevels-unsubscribe@xxxxxxxxxxx
|