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Re: Alex G post# 266482

Wednesday, 07/07/2004 9:06:03 PM

Wednesday, July 07, 2004 9:06:03 PM

Post# of 704019
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I did notice Z called another daily map with a Naz close of 1980, what is he now??, 1 for 10??? on daily road maps?... what a nice contrarian zone this is to monitor
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(That Naz 1980 close was a hound. The market was well on its way to 1980 when it started falling from 1975 just before 15:00. That gave a clear indication that something ugly was going to happen with YHOO)

You are taking maps too literally. A map is not a crystal ball that foretells the future. It is only a sketch of where the market "should" go.

Zeev's map was really useful to me today. I was long YM's from around noon, and when I got 90% of the expected move to 1980 (transposed from Naz to YM) by 14:25 I just got out of the market and called it a day.

Lucky? you bet! but knowing Zeev's maps enrich us all if used properly.

H.






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