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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy

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To: Eddy Blinker who wrote (184)12/6/2002 4:10:06 AM
From: maceng2  Read Replies (2) of 1417
 
Hi Eddy,

How are you getting on?

Just fine thanks.

OK, I re arranged your data by column and made a "HLCO" chart. First time I've done that, but it looks right, up days showing as a white box, down days showing as dark blue filled box. The high and the low of the day showing as a line like a normal candle stick chart. I then data labeled your numbers in the "K" column above the candle sticks.

So the first part of the chart is level, with a bump in it. You identified up days. Then there was a serious trend down and you started identifying some down days. Then you started to identify up days towards a trend reversal day, and continued marking up days again.

Is that the game plan?? Even with this plan working, you can still get whacked on trend reversals right?? I suppose you would have to use trailing stops in that case. ie you got it right for the day, or get stopped out.
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