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Correct !!! (compare your calc to the calc topleft in chart).
-----------------------------------
T DATE
It will not automaticaly mean that a break from pattern also automaticaly
means that it will be next months target.
For timing a "date" with the target, you will have to calc the PDP, pattern
development period, that starts by the first instance pattern was
1) entered
2) or that pattern unfolded itselve
3) or just by its own left-halve width finished by the right-have break (out, fallout).
IMT
Usualy 1) is sufficiant, and therefore the 12 months calculated below is the
correct pattern's TimeT (time-length target) that can be applied to this pattern,
since: -entry date was @ end of Oct99 and
-recent break or fallout was @ midst Oct00.
Therefore, T 1189.43 is reached within the next 12 months, eg in or before Oct01.
ST
The double neckline resistance @ 1417.28 in combination with the immediate
strong overhead resistance from the 1/3 Fractal Retracement + the falling
Trend Cannel's resistanceline(both @ 1446.47), is sufficient enough to expect
a retest of Low 1305.79 soon.
Depending on the small pattern (design yet unknown) that is under development,
then expect the ST fall to end
1.-on or at the 2x DIAMOND Irregular H+Ss neckline colapse T @ 1304.47
2.-or @ 7/8 Fractal Retracement(@ 1273.56)
3.-or even lower @ the full (100%) retracement @1233.
Where then #3 and the dropout from DIAMOND is also indicating a "soft landing"
in the US financial markets = too a soft landing for the US economy, eg the markets
are usualy 1 year ahead of the "fact" (US companies yearly figures will be presented
at the earliest at the end of Winter00/earlySpring01 and event will only have been
fully digested by everyone by the end of Summer01).
----------------------------------------------------------------
Isn't this year also President's election year in the US?
-Explains the above "soft landing"
-Also explains the unnatural rise of the U$ (vs the €URO).
Short positions held in both, the (US indices) patterns+in the U$, can then also
be hold onto 'very comfortably'.
Have you also noticed how ugly plain text mails (below) can be?
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: "Daniel Martinez" <DanM@xxxxxxxxxx>
Aan: <metastock@xxxxxxxxxxxxx>
Verzonden: zondag 22 oktober 2000 5:08
Onderwerp: Re: Advanced Get versus MetaStock
> If you showed a Diamond formation, and it broke through to the
> downside, wouldn't you measure the height, which is:
> 1552.87-1325.02=227.85
> The breakdown point was @ 1417.28
> 1417.28-227.87=1189.43
> 1189.43 would be the approx. downside target, correct?
>
> What we are going through right now is the snap-back before heading
> back down?
>
> Daniel.
> Don't forget to vote. 50% of all US citizens don't vote. That means
> your vote counts twice as much. Last year, only 33% of all US
> citizens voted. That meant your (my) vote counted three times as
> much. Heh.
>
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> Again will let the picture tell the story (SP1021.gif).
>
> Whilst weekly benifitting from the trade, (buying when the SPX Sept,
> 13th and the {not shown on chart} Rising
> Wedge fallout sells were both triggered) am still holding onto the
> Nov00 Puts (strike 1500).
>
> With the now double neckline Resistance @ 1417.28, and enclosed by the
> Downtrend's falling wedge, then
> a retest of Low 1305.79 is jet to be whitnessed (and depending on
> downfall speed, most likely then is the right
> time to part from trade).
>
> Also:
> -In the Chart am only 'accidently' catching 4 (!!) of List Subjects of
> late into the one image
> 1. TA = Science* : -The Working (unvolumed) DIAMONDs + Diamond's
> H+S's patterns
> 2. TA = Science* : -The Working (indicators) Buy+Sell signals
> 3. TA = Science* : -The Working (scientificly provable) Fractal
> Retracements
> 4. TA = Science* : -The Working (tactics) Charting, Pattern
> Reqocknising and Trend Channeling
>
> -Many of my several System's SELL + NEG signals are still robustly
> valid
>
> -RSI has confirmed a 2nd Lower LOW for the IMT
> (it still is a 2nd Higher LOW for the Long Term).
>
> ----------------------------------------------------------------------
>
> TA = Science* : For more evidential science, see the below mails sent
> this year to the List
> ----------------------------------------------------------------------
>
> -S&P500 current + future TA outlook - mails
> Date: Tue, 11 Apr 2000 07:38:30 Subject: Mother of all
> Highs
> Date: Sat, 15 Jul 2000 17:34:35 Subject: S&P and
> contraire
> Date: Sat, 21 Oct 2000 {this mail} Subject: Re: Advanced
> Get versus MetaStocK
>
> -NasdComp current + future TA outlook - mails
> Date: Sun, 23 Apr 2000 17:36:15 Subject: Re: Mother of
> all Highs
> Date: Sat, 20 May 2000 12:43:12 Subject: Re: Nasdaq
> charts/was Be Warned about Guru's
> Date: Sat, 20 May 2000 23:56:34 Subject: Re: Mother of
> all Highs
> Date: Sun, 28 May 2000 21:50:03 Subject: Re: Mother of
> all Highs
> -DowINDU current + future TA outlook - mails
> Date: Sun, 27 Feb 2000 02:39:04 Subject: RE: Being a
> contrarian takes guts
> Date: Sat, 15 Apr 2000 00:20:59 Subject: Re: Mother of
> all Highs
> Date: Sat, 15 Apr 2000 20:10:22 Subject: Re: Support
> numbers
> Date: Sun, 16 Apr 2000 01:49:20 Subject: Re: Mother of
> all Highs
> Date: Wed, 2 Aug 2000 01:03:16 Subject: Re: The
> Dowdiamond, at last in full image
> Date: Fri, 4 Aug 2000 00:27:35 Subject: Re:
> Potential huge DOWDiamond?!
> Date: Sat, 5 Aug 2000 02:11:27 Subject: Re: Potential
> huge DOWDiamond?!
>
> Regards,
> Ton Maas
> ms-irb@xxxxxxxxxxxxxxxx
> Dismiss the ".nospam" bit (including the dot) when replying.
> Homepage http://home.planet.nl/~anthmaas
> <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
>
>
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