wldi-murreymath plus imho-
this is how it has been running for the past 30 days
.0563
.0549--plus 2/8-overbought
.0533
.0518---plus 1/8-overbought
.0503
--------------------------------------------------------
.0488-------8/8--strong resistance
.0472
.0457-------7/8
.0442
.0427-------6/8
.0411
.0396-------5/8
.0381
.0366-------4/8--resistance / support
.0351
.0335-------3/8
.032
.0305-------2/8
.029
.0274-------1/8
.026
.0244-------0/8--strong support
-------------------------------------------------------
.023
.0214--minus 1/8----oversold
.0199
.0184---minus 2/8---oversold
.0169
.0153
.0123
remember murrey's 1/8 info-here it is again
then go back 30 days and compare wldi's numbers to how they react to murrey's frame
if you have another stock trading in this price range watch it also with this frame
you'll find it quite interesting
8/8 th's (Ultimate Resistance)
This line is the hardest to penetrate on the way up, and give the greatest
support on the way down. (Prices may never make it thru this line).
7/8 th's Line (Weak, Stall and Reverse)
This line is weak. If prices run up too far too fast, and if they stall at this line
they will reverse down fast. If prices do not stall at this line they will move up
to the 8/8 th's line.
6/8 th's and 2/8 th's Lines (Pivot, Reverse)
These two lines are second only to the 4/8 th's line in their ability to force
prices to reverse. This is true whether prices are moving up or down.
5/8 th's Line (Top of Trading Range)
The prices of all entities will spend 40% of the time moving between the 5/8
th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it
for 10 to 12 days, the entity is said to be selling at a premium to what one
wants to pay for it and prices will tend to stay above this line in the "premium
area". If, however, prices fall below the 5/8 th's line then they will tend to fall
further looking for support at a lower level.
4/8 th's Line (Major Support/Resistance)
This line provides the greatest amount of support and resistance. This line has
the greatest support when prices are above it and the greatest resistance when
prices are below it. This price level is the best level to sell and buy against.
3/8 th's Line (Bottom of Trading Range)
If prices are below this line and moving upwards, this line is difficult to
penetrate. If prices penetrate above this line and stay above this line for 10 to
12 days then prices will stay above this line and spend 40% of the time moving
between this line and the 5/8 th's line.
1/8 th Line (Weak, Stall and Reverse)
This line is weak. If prices run down too far too fast, and if they stall at this line
they will reverse up fast. If prices do not stall at this line they will move down
to the 0/8 th's line.
if wldi was to close above the plus 2/8 line or it closed above the .0488 for more than 4 days then
it would be trading in a higher frame-if that happens i will put the higher frame
on the board--heaven forbid if it closed below the minus 2/8 the same would hold true except it would be a lower frame
monday on wldi--because we closed at .035 we are sitting exactly in a vee where 2 gann angles meet-should hold support for us-our next gann angle resistance is at .0381 then .0427
friday according to murrey math a my chart .0366 is a 4/8 and friday's day was also a 4/8 --that is where time met price--always strong conflict----if we are below .0366 can hardly make it thru [we didn't did we]
and if we had been above .0366 it would have held supreme support
our next price meets time is 3-07 it is a 6/8--.0427 is also a 6/8-
if we are below .0427 thursday it will be hard to get thru
but if we are above .0427 it will hold supreme support
on other stocks you hold in same price area watch them also by this price meets time
trading is a way to freedom-take your time-ms.cashflow 1998
