CHARTS 1-16-09




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here is the resolution to this pattern from yesterday's post.

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Morning Channel


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mid-trend ABC


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Afternoon Triangle


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mid-trend ABC #2



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To prove KB's tool for time. Peak reached 5 mins after projected time. on 5 min chart.

Thanks KB for your trading article on time. Still studying and backtesting your Price tools and VO's concepts of 12345 and ABC.


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excellant, friend! and you will find in your studies that 1.618 tends to be another peak... thats why i use equidistant to get the low! keep up the good work!
With respect to this concept of a bullish divergence in the energy sector, I note the USO ETF also made a higher low this week.
KB, According to projections 874.25 the next peak. Dunno if I am correct with your calculations.

Equidistant to get the low? Means we we extend low time by 2?
quote:
Originally posted by lordalfa

KB, According to projections 874.25 the next peak. Dunno if I am correct with your calculations.

Equidistant to get the low? Means we we extend low time by 2?

for example: peak to peak equal ten bars, then ten bars later is the low...thats what i mean by equidistant.
quote:
Originally posted by koolblue

[quote]Originally posted by lordalfa

KB, According to projections 874.25 the next peak. Dunno if I am correct with your calculations.

Equidistant to get the low? Means we we extend low time by 2?

for example: peak to peak equal ten bars, then ten bars later is the low...thats what i mean by equidistant. Using the above chart, its 33 bars from peak to peak so one would expect a low at bar #66(off by one bar in the above example!). SINCE COUNTING BARS TAKES SO LONG I USE TIME INSTEAD IN MY REALTIME TRADING... works great!