IQ Chart Real Time - Amazing, Inexpensive Charting Tool Message Board

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Non-Tech : IQ Chart Real Time - Amazing, Inexpensive Charting Tool

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To: Herc who wrote (287)	8/20/1999 4:19:00 PM
From: Ken Adams	of 430

Herc, Which tool is that for tracking 38,50 & 62% retracements? This could be useful for me. Click on the toolbox, then find the small icon that appears to have 4 short horizontal lines in it. Click that then put your pointer at the bottom (or top) of the range you want to examine. Now just hold down the left button and drag to the opposite point of the range. The divisions appear as you go. This is one of the best tools of its kind that I've seen. Also, I am concluding that much of TA is total nonsense. I've seen too many support levels be meaningless. If that's the case, you're probably not going to get much value out of the retracement feature. TA is not science. It's truly an art form and one that takes a good deal of time to grasp. Some folks just never get it. I wish them luck... you too! Ken

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