Forum Archive Index - October 2002

[Phaedrus <Phaedrus@techemail.com>]

Hans,
      With regard to the All Ords Index, you asked "what do I see coming up 
next". 
 I have no idea. I can tell you that this index is at an interesting point, in 
that if it continues to fall, a double top formation will have been confirmed. 
Confirmed double top formations after uptrends mark trend reversals 75% of the 
time. The other 25% become consolidations of the prevailing trend. 
 Should the index rise, it could be entering a trading range, as marked on the 
chart below. You don't really think I can see into the future do you? Given the 
strong US rally yesterday, I'll bet the All Ords Index is up today, though!

Holden,
       Re .gif format  - I didn't realise that the ScreenHunter program 
wouldn't run on Linux. I guess you can't give Microsoft the finger and expect 
to get away with it without some disadvantages. Can you not instal the GIMP? 
(Not that I know what one is!)
 Data supplies for MetaStock or any other charting program are very cheap. 
There are several vendors, with prices of around $17 - $24/month for NZ data, 
for example. It only takes a minute or two each day to download the new data 
and merge it with your database. You don't have to do it every day if you don't 
want to - the files simply accumulate. You can even get free data if you want, 
for example Sanfords provide free Australian data for their clients. With 
excellent free charting facilities now available on the net, buying your own 
software and data is no longer a necessity.

                Phaedrus.

_____________________________________________________________
Are you a Techie? Get Your Free Tech Email Address Now! Visit 
http://www.TechEmail.com

_____________________________________________________________
Select your own custom email address for FREE! Get you@yourchoice.com w/No Ads, 
6MB, POP & more! http://www.everyone.net/selectmail?campaign=tag

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/