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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (2995)	11/1/2000 2:59:03 PM
From: shasta23	Read Replies (1) of 8925

Hi TERESA! Question regarding Drawing of trendlines. Yes, i'm familiar with Sperandeos Definition and read your article on your website! ;-)) Unfortunately i don't know how to post a chart with trendlines and therefore i just mention an example: daily chart of DELL. You can draw a perfect downtrendline connecting 7/18 to 8/31 to 10/31. But you can draw also a downtrendline(smaller time scale but still daily chart)down from 9-21-00 over the highs of the very orderly downtrend. The tall white candle on 10-13 would break above it. Using the later trendline DELL would be now in a 1-2-3 consolidation and 10-31 was a test of top. But using the larger downtrendline a consolidation has not even started. How do you work with these two different "length" of trendlines and which one would you use? Sorry for not posting a picture which would make it clearer. Stefan

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