|
PureBytes Links
Trading Reference Links
|
Typo,
Please replace the last paragraph of the message just sent with the
follwing:
As an example of a new trend forming, see the attached charts of Oil
futures. A extremely well defined support channel has been penetrated. A
new support trend is not readily apparent though a couple could be presumed.
The resitance channel appears to be performing quite well.
Regards,
Brian
----- Original Message -----
From: "BL" <blee7@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, August 24, 2001 9:07 PM
Subject: Re: [RT] Natural Gas Futures Hits Support
> Hi Rod,
>
> The purpose of the channel is to provide the straight-line convergence
> (using a different data domain) of the most recent pricing action since
the
> peak. If price breaks support or resistance with conviction, Monday or
any
> other day, it's an indication the "trend" since the peak has changed.
This
> allows for the definition of a new trend once the pricing action unfolds.
> Am I personally going long Monday? No. I don't want to go against the
> current identified downtrend. I believe most will agree it's safer to
Short
> a downtrending market.
>
> As an example of a new trend forming, see the attached charts of Oil
> futures. A extremely well defined resistance channel has been penetrated.
> A new resistance trend is not readily apparent though a couple could be
> presumed. The Support channel appears to be performing quite well.
>
> Regards,
>
> Brian
>
> Disclaimer: This message and charts are neither trading or investing
advice.
> Trading or investing in futures is extremely risky and the amount of
> potential financial loss is not limited to the monies plegded as margin
> capital. Consult a broker or financial advisor for trading or investment
> advice.
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get your FREE credit report with a FREE CreditCheck
Monitoring Service trial
http://us.click.yahoo.com/M8mxkD/bQ8CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|