Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1532)	7/31/2008 2:10:30 PM
From: Perspective	Read Replies (1) of 3209

Good point. I just figured the timeframe on this line was relatively short - we're talking about a line that connects only ten days of data - so the decision-making should be relatively quick. I would have expected a line built off fewer than 70 hourly bars to make up its mind within, say, 3-4 bars (5%). I guess it's still in that window. So would you trust a push one way or the other at the close? Or just wait until 10:30AM to read any decision? That's the problem with descending to this level of wiggles, but I'm basing the degree of my hedging for the next couple of weeks off the resolution of this wedgy mess. BC

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