Brooks demonstrated a program he'd written that guesses the audio file's contents, overlaying those guesses on the pitch level chart of the noisy audio file.
If prices close below that level, serious chart damage would be inflicted to suggest a near-term market top is in place.
The problem with that is sometimes an intraday set-up will come at an important level on the daily chart that limits its chance of success.
This week it reached almost 6%, the highest level since November (see chart 1).
As for support, watch the 78.12 level first and then the chart support (line b) at 73.50.
That level for Apple happens to be very close to the 61.8% retracement level shown in the prior chart.
Buoyed by gains on the stockmarket, they had been emptying their wallets far faster than their incomes were rising, with the result that America's personal savings rate fell in the second quarter of 1998 to its lowest level since 1945 (see chart above).
The long-term chart shows that the breakout level, line a, was retested last fall before prices surged.
The daily chart shows that the breakout level (dashed line) was just tested on Tuesday, which is classical technical action.
The 61.8% retracement level is at 1419.50 with key chart resistance at 1431.75.
Bulls and bears are on a level near-term technical playing field (daily chart basis).
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The weekly chart of the NYSE shows that the breakout level (line d) was tested on the late February pullback.
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Do you work in an environment that fosters leadership at every level, or just at the top of the org chart?
Publicly, Mr. MacKerron uses their data to chart the hour-by-hour happiness level of London and other U.K. cities on his website.
The chart shows that is well above the key level of 50 and a move above the November high of 60.9 would be very positive.
As lower costs encourage firms to produce more at any given price (ie, the supply curve shifts from S1 to S2 in the chart), the long-term equilibrium level of output will rise and the price level will fall.
The weekly chart shows that TLT has also retested the breakout level from May (line f).
Note in the chart on page 128 how Singapore's risk level, although still low next to Indonesia's, has shot upward.
Note in the chart on page 61 how Singapore's risk level, although still low compared with Indonesia's, has shot upward.
As it is, unemployment has crept up to 9.2%, a higher level than at any point during the economic crisis (see chart).
The Shanghai Composite, the benchmark index, fell briefly to 1, 999 points, a level it had first reached more than 12 years ago (see chart).
We came close to that in this chart, but there were several tops just ahead of that level.
On the chart, RWM broke through resistance on July 1, a level that is being tested this week.
Fresh chart damage was inflicted Wednesday as prices dropped below a key support level at the November low.
The first chart below shows the pound approaching a 38.2% retracement level of the whole down move from 1.6748 to 1.5232.
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As you will notice from the next chart, the pound came back exactly to the 50% retracement level before it commenced its remarkable climb.
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It is also clear from the chart that the 21-period WMA has acted as a good level of support, as tests of the rising WMA have often marked correction lows.
However, it's rare for an artist -- of any race -- to reach the level of stardom attained by Pride, who had 67 records on the country chart between 1966 and 1990, more than 20 of them in the Top 10.
The second chart below shows how the recovery to the 61.8% retracement level unfolded in three waves.
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