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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who started this subject	2/17/2001 11:13:48 AM
From: rmontieth	Read Replies (1) of 8925

Teresa........ I have a quick question regarding Trader Vic 'pink' lines. I scan through various daily stock charts looking to practice drawing the 2B setups. Do you have a rule of thumb for a timeframe in which the setup occurs? For example, is going back 2 months or so reasonable in drawing the pink lines? A number of tech stocks (JDSU, PMCS,etc) made lows back in late December or early January and are now testing their lows. Am I correct in saying that according to Trader Vic you should draw a trend line and once it is broken, draw the 'pink' lines? Even if it takes several weeks or months for a 2B test or failure, is it still valid? Thanks for the clarification. Also, regarding yahoo groups site, I got a message today saying I can't post to that group. I am a member so not sure why I can't post. Any idea why? Thanks Teresa. Enjoy your weekend with "the guys"! Rick

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