Above is a Weekly Chart. It shows the lows in September of 2001.
Below is a DAILY chart of the same.
Above is a DAILY chart of the same.
Below is a chart showing upslanting light blue lines ....notice how
prices stoped at the lines?
The interesting thing is that these light blue reaction lines are drawable
in advance to help in finding the reaction points.
In the course we show the different types of reaction lines and how
to know which line to use.
In the above chart do you see the light blue almost vertical lines?
Note how prices used them most nearly every time as a place to stall untill
they went down to the intersection of the light blue and dark blue line.
There are several subtleties to this.. To do this right you need the Advanced
A/R Course we offer.
What is to come???????????????????????????????????????
Below are the charts
See how the lines are finding the latest pivot points?
Ok so the above were great examples....now what happened after I posted
the above????
Did prices go up and turn at the next blue line?
Where there other blue lines on other time frames??
Below is the 60 minute chart I posted before the market closed as I
told the email group .....down we go time..
What we had above was prices being at the X of the Andrews Median Line
and the Reaction line.
Date and time stamp from quote.com at bottom of chart.
Below is what the daily chart looked like a few days later.
Pretty good after chart....huh?
Prices turn at the reaction lines.
But how do you draw dem lines?
Which lines are relaible?
Take the Advanced Andrews Course.
Above is a weekly chart that would suggest that a break of the lower
line could bring prices to the 800's by Christmas.
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