InvestorsHub Logo
Followers 16
Posts 9345
Boards Moderated 1
Alias Born 09/24/2000

Re: Bernard Ng post# 1983

Tuesday, 03/05/2002 10:23:20 PM

Tuesday, March 05, 2002 10:23:20 PM

Post# of 3263
bernard-here goes take on wldi as of now


today we closed at .055-which is the plus 2/8--which
should be a positive sign-and i will put up the higher frame in case it proves to be true--but according to gann .055[made 1-28-02] was an old top that we weren't able to penetrate for the second time-he would have said it was weak-needed to go back down and regroup[matter of fact we tried twice today to go through]--now the volume is still there and possible hint of news--but i took my profit today at .05[a bird in the hand]-tommorrow i may be cussing-also there was a gap left behind that i was concerned with

this is the frame we were working with and
possibly still are


.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


here is the higher priced frame
remember we may not be trading in this frame yet
closing at the plus 2/8 of the first frame[.055]
may have been a good sign-tommorrow
may tell


.0793--plus 2/8-overbought
.0778
.0763--plus 1/8-overbought
.0748
-------
.0732---8/8---strong resistance
.0717
.0702---7/8
.0687
.0671---6/8
.0656
.0640---5/8
.0625
.0610---4/8--support /resistance
.0595
.0580---3/8
.0565
.0549---2/8
.0533
.0517---1/8
.0504
.0488---0/8--strong support
-------
.0473
.0458--minus 1/8--oversold
.0443
.0427--minus 2/8---oversold

bernard hope this helps -only the mm's know at this
point-let's see if gann or murrey is right

trading is a way to freedom-take your time-ms.cashflow 1998

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.