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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Atin who wrote (5745)	4/30/2002 6:02:21 PM
From: Smooth Drive	Read Replies (1) of 5893

Atin, The rules you use regarding trendlines construction are the rules I provided you in PM's. Do you still have them? You misunderstood the trendline touch. Re: The rule I use is that a touch of the Bearish Resistance Line (BRRL) doesn't flip over the chart to a Bullish Support Line (BLSL) so I moved the BRRL up one. When prices went up to and past 19.5 on 3/11, the break was considered real and the chart flipped over to using the BLSL. No. You don't move a BRRL up, or a BLSL down, unless the column stops dead on the trendline, that is touching the trendline, and then reverses. That's the ONLY time you move a trendline up or down, never before a reversal takes place. If, as in the example you provided, the next box up is filled, then the BRRL is broke, and the BLSL starts. In the chart you provided the BRRL was penetrated at 19, not 19.50. The break was "Real" Atin, at 19, not 19.5

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