The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ok1day who wrote (52844)	8/12/1999 8:13:00 AM
From: stan s.	Read Replies (2) of 90042

PCLN, Hi Ossnat. Down trend lines go on top of stock prices connecting peaks of significance. Up trend lines go under stock prices connecting troughs of significance. If the confusion derives from the fact that I wrote May 25th instead of 21st...my apologies but you'll just have to give me some slack if a mistake seems obvious...I'm looking at a ton of charts here and I will err on some specifics, i.e, dates, etc. For the moment I wouldn't touch PCLN until it shows real reversal and on the current chart that would have to be a break above the down trend line. The reason I mention straight line support and the number 85+ is for now an upturn and break might coincide at that point...the down trend point changes daily (as I mentioned) because it's a descending line... Here's a chart, geocities.com Here's my original post in reference to your original query, sorry for the mistake and any confusion. Message 10897629 By the way concerning CS, I was going to post yesterday that the 11 7/8 to 12 mark has shown good support and it seemed pointless for anyone holding this long to sell now...unless or until that line was breached to the downside on a closing basis....I didn't post 'cause I thought CS had pretty well been abandoned. Best of luck, I'll try and check TFSM as time permits... Stan

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