Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: waverider who wrote (12705)	5/20/2002 2:47:53 PM
From: Louis V. Lambrecht	Read Replies (1) of 36161

wr - just another angular study. Plus points, IMHO, is that the angle is chosen between 3 peculiar prices which are considered as important. Whereas regression channels would add the "noise", I.E. all non significant prices in-between. All depends on the equity and the time you are analyzing, sometimes the one works better, sometimes the other. The more the lines are hit, the more reliable the lines become (as on any other indicator). The parallel lines may also be divided (or extended) by other parallels at a factor of your choice: Gann or Fibonacci. IMHO, once you can identify a repeatedly checked channel, I expect other TA traders to notice them and start trading at the channel prices: there are pattern recognition softwares all over theplace for those who can afford them. <g>

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