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Mathematical proportion and range is the last high- the last low

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aricho
#1
Jul7-05, 01:42 AM
P: 76
"if all highs and lows in the market are exact proportions of previous ranges."

then can you write the statement;

[tex] x = \frac{a}{b}\times{range} [/tex]

where x is a high, a/b is a mathematical proportion and range is the last high- the last low

Is that correct? if not, what would be?

Thanks
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