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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (5356)	12/11/1997 9:20:00 PM
From: HeyRainier	Read Replies (2) of 9262

[ Technical Analysis ] Hi Ray, I currently can't run through your much appreciated Ascending Triangle scans. I've got a paper to work on tonight that's due tomorrow...and then one more left before I get my degree(beers, anyone?). I do have a question though that involves a simple, but very important T.A. concept: when drawing trendlines, which is more effective or correct, drawing them and having them rest on top of the whole day's activity(and not having them cut through the intraday movements), or choosing to have them rest on just for the closing points of the day(say, for example, on a mutual fund's chart, where all the closing points are connected and have no intraday activity)? I expect there will be differing replies to this question, but I would like to hear yours and other people's experiences. Regards, Rainier

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