Why the markets will continue higher... Message Board

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Strategies & Market Trends : Why the markets will continue higher...

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To: GROUND ZERO™ who wrote (533)	1/18/1998 8:11:00 AM
From: Cage Rattler	Read Replies (1) of 745

GZ: Good morning. Looking at the S&P AP I am left with the impression it could move either way. The down-side reward-to-risk seems a better bet from my perspective. Am I off base? One thing I keep wondering about is the use of charts upon which to project my APs. The daily bar charts vis a vis the daily close. I am using the daily closings; however, I see others using intraday highs and lows for plotting. To me it seems like apples and oranges since we are plotting along a time axis. Initially I believed the difference to be insignificant. Now that does not appear to be the case. Bisecting-line slopes and line bisections are effected significantly -- in my opinion. Which values do you use? Why? Ciao, Ted

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