| You members will see that each of the three different positions shown
here were taken by getting your orders in before the market opened at
the price where it might possibly meet one of the Course lines in two
cases. In the third case where the mini ML and its H line were used to
signal the buy, you assumed that prices might rise above the H line so
had your order in to buy at 197. Similarly where you used the (3) as a
CL from which to measure back to a low P in order to get the probable
distance to its corresponding High P, you see how high price would have
to rise on 2/15 in order to meet R2, and you put your order in at that
price. Similarly you’d see that 206.50 would reach 2/21/ ML. |
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