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correction to previous post:
North T node would appear to provide some resistance near 704 next week as
price collides with the down sloping Sun/Earth line.
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Monday, January 01, 2001 11:26 AM
Subject: [RT] Market - OEX astro
> Another rter asked me if I was still using astro tech and admittedly I
said
> no because of some hardware/software/database changes. His question did
> pique my interest to see what the view has been since last summer and what
> the immediate future held. In previous use of the Quick Harmonic trader
the
> 4th harmonic for the bullish view and the 4th harmonic mirror for the
> bearish view seemed to be useful. The OEX has been following the bearish
> view more closely so that is the attached chart. In the bearish view, the
> OEX hit resistance at Jupiter / SunEarth last August after finding
> Neptune(thick white line) support 3 times in June and July. After the
> August high Neptune failed the 4th test of support. Since then the OEX
has
> been finding support/resistance within two of the declining sun/earth
price
> lines(4th harmonic). Uranus(yellow price line) was support in early
> September and then resistance in late October. Neptune(thin white price
> line) provided support at the October and November lows. Then in December
> the primary Jupiter line provided support for the last rally attempt. So
> what does it mean if anything for the future? Well, Jupiter 658, Saturn
> 666, Uranus 671, Neptune 686 might provide some heavy duty support in
> January. Last Friday Neptune once again appears to be the support line at
> 686. Venus would appear to provide resistance at 704 next week as price
> collides with the down sloping Sun/Earth line. If it doesn't, then the
next
> series of resistance lines would be at Jupiter 748, Saturn 756, Uranus
761,
> Neptune 775. The fact that the OEX has these heavy duty support lines
just
> below prevented a trip to the lower side of that bearish Sun/Earth channel
> running since July. Perhaps it means the OEX is in for a trend change.
>
> BobR
> http://www.oextrader.com/sigma_trader
> http://www.zubee.com
>
>
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>
>
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Attachment:
Description: "OEXBEAR.gif"
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