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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (115509)	3/27/2005 6:07:57 PM
From: The Freep	Read Replies (1) of 209892

Ray -- can I ask why your lower trendline starts where it starts? If you draw it from the bottom of the candle or the bottom of the body, you get a different result. Yours is kinda started from... I'm not actually sure where. From the bottom of that big weekly stick (aka "the price low") the line's been pierced. From the bottom of the body on the price low, it hasn't. The other intersting (to me) thing about that chart is just how volume has shrunk consistently over the last three years. IBM not as important somehow? Regardless, any down to new ST lows should, by that chart, yeild a few points. Any move over the upper line is a long. So simple <g>

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