The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: milesofstyles who wrote (30905)	7/11/1999 2:51:00 AM
From: Doug R	Read Replies (1) of 79237

Well said Milesof, Managing the trade is the key. When you properly enter a position with a known time-frame in mind, it's important to match the appropriate trend line with that particular time-frame. Overall technical strength at entry should be kept in mind so you don't get shaken out if a dip that doesn't damage the technical profile for your time frame appears to damage shorter (as in VERY short) period indicators. Trend lines on the short period indicators are less important at the bottoms as uptrends than they are as resistance breakout lines for downtrends. Coupled with volume and very short term increased ROC, downtrend breakouts on the short stuff get things moving best when certain bullish thresholds are maintained. Like you didn't know all this already ;-), Doug R

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