LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Teresa Lo who wrote (23838)	10/27/1999 6:31:00 AM
From: LastShadow	Read Replies (2) of 43080

"While we do not look at stocks often..." uhh...what? Other than some bad humor and vignettes of our life, that is all we do here. Looking at that chart, you should only line through something on a intraday chart. The lower trendline should not pass through the two lows back about a week ago on your referenced chart. Same is true for the Directional Movement trendline, where the top blue trendline goes under the redline. Doing so will give false signals. Granted, the limitations of the chart line thickness might make that hard t oplot accutrately, but in boith cases it will change the trendline threshold. lastshadow

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