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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: J.K. who wrote (6313)3/11/2005 8:31:14 PM
From: Walkingshadow  Read Replies (1) of 8752
 
Hi JK,

That is an excellent question.

I think how you set the regression channel limits is very important. You can see just how important this can be by taking a stock that has had a radical change in trend, they trying different regression channel durations.

For the QQQQ chart, I set the regression channel at 14, but this is not 14 days, it is 14 weeks (because the chart is the weekly chart, not the daily chart).

139.142.147.218

I picked 14 because that the beginning of the current trend, which is a medium term correction, began 14 weeks ago. But I also posted the chart with the 52 week regression channel to show that the long-term trend is definitely up, and that the current correction is within the context of a long-term uptrend.

139.142.147.218

So I think the lower regression channel rail means something in both cases, but the two charts tell different things re longer term bottom and shorter term bottom.

Hope this helps.

T
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