Link
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Spring has Sprung
Started by
iloli way
, Mar 29 2008 07:00 PM
1 reply to this topic
#1
iloli way
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- TT Member*
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iloli = I'm Laws Of Line's I(eye)
Posted 29 March 2008 - 07:00 PM
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#2
VolPivots
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Posted 30 March 2008 - 11:19 AM
An alternative perspective: the redline on the chart measures cumulative intraday price action, which to me is as pure as it gets regarding supply/demand (accum/distribution). We've been trading inside a rectangle, with the 38.2% retracement holding as support since the early Feb high. We've yet to have seen a retest of the lows looking at intraday price action.
In 2003, the last time we had a similar panic, we retraced 62% of the Oct-Dec 2002 advance before she bottomed and never looked back.
In 2003, the last time we had a similar panic, we retraced 62% of the Oct-Dec 2002 advance before she bottomed and never looked back.
