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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (23324)	8/8/2001 11:29:03 AM
From: Zeev Hed	Read Replies (2) of 30051

Because you got to learn o trade in anticipation, not just within the channel. By the time a channel is established , most of the gains are gone. When you have a nice uptrending market, channels are perfect, but when the market is stuck in a narrow trading range, and you limit yourself only to the long side, you could anticipate (using the box technique) where a channel will turn. I think that TARO's channel is going to turn here after another test above the bottom of the box. It actually may have turned when it breached $36.5 momentarily. My current trade in IART, for instance, is within an upchannel, and I am hopping for a new high to be printed there. Zeev

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