august week 1 2010, page-70

t91 your rxm chart, have studied it for a while and just not sure I get it. Do you mind sharing a bit more?

I presume you saw the potential for the parallel lines, started with your reference line but how the f%#& did you determine the position of the spacer line? What is this technique called?

To talk p/f chat for a second I have been more and more attracted to the concept (& power) of warning lines & occasionally a bit of reaction line action but unclear on what you have drawn?

Parallel lines in charting just does work somehow; has to be something to do with the repeating psychology of traders in certain shares.

GJ