Forum Archive Index - December 2002

[prhughes@value.net.nz]

        Hi

        Thanks for the reply. Will go through it later.One thing I forgot 
to mention:

        For the long term trend I could only go back 3 years and used 
weekly data.

        Using a 12 month chart and daily data, the 3 highs look totally 
different from the 3 year weekly data chart.

        Indeed the highs on the 12 month chart look the nearest to a 
Head & Shoulder pattern in a mini form. I don.t think I will be going 
overboard on the H & S because to me they are difficult to identify.

        Talking about H & S (I browse around) one crowd in the USA 
think a H & S is forming  on the Dow, but all depends on the last 
leg. For it to happen the Dow would need to go down a fair bit?

        The charts I use are in house (my own). I got the programme 
from www.spacejock.com and download the data. The programmer 
(Simon) is a nice guy and very helpful if you have a problem. Dare I 
say it, he lives in Australia. The version I use is the freeware 
version, which meets my needs. There is a Pro version available 
which he sells for about $90 Aust, inexpensive and in my opinion 
better than some very expensive programmes. The site is worth a 
visit for all the other information it contains. Yes, I can draw 
trendlines on the programme. I 'll have a go at sending you a copy 
of the WRI chart tomorrow, and the Dow if it is of any interest to 
you.

        Once again, Many thanks

        Bill

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