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Strategies & Market Trends : TA setups-ex th traders
DIA 473.47-0.5%Nov 3 4:00 PM EST
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To: Tom Swift who wrote (1224)3/4/2004 11:04:53 PM
From: cthruu  Read Replies (1) of 7682
 
I looked at your charts. can you please explain the rationale behind so many trendlines on the charts?

Do you draw a line and take pivot points to draw parallel lines? That is not the case on TLT or RAMP charts. The lines seem randomly drawn. Is there a Fib or some such other ratio?

Here is RMBS with Pitchfork. If I throw 1.382 Fib lines on both sides which contain the price action. Can you explain if there is such a method for plotting your lines?

Thanks:

ttrader.com
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