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Hello Charles
basically the lower line which is at 1092 is where we start finding
(temporary support, however, because the lowest line is ALREADY sloping
downwards it suggests that the down move is far from over,
In a bull move (11/18/03 to 2/04 you can see how prices stay above the red
line (stop loss for long)
In down trends, the highest line acted as resistance and blue line as stop
loss for the shorts(see 8/1 to 8/20)
this tool is available metastock. trade station and amibroker
hope this helps
Ben
(please inquire privately )
----- Original Message -----
From: "ChasW" <cwwaring@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 27, 2004 5:29 PM
Subject: [RT] SP cash w/perfect
> Ben, help me interpret this
> ----- Original Message -----
> From: "Ben" <profitok@xxxxxxxxxxxxx>
> To: "ChasW" <cwwaring@xxxxxxxxxxxxxx>
> Sent: Sunday, September 26, 2004 11:01 PM
> Subject: Re: [SM] SP cash
>
>
>> hello Charles
>> when you have time can you send to rt the same 2 charts with the perfect
>> stop loss and no other lines
>> it should give us a measure where we are in this trading environment
>> Ben
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
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