[Question on Trend Lines] Rainier - looking at EK for a declining trend line for the past year, I can't get a line that meets the criteria, unless I'm missing something (entirely possible) With the Victor directions, the migh was in Feb 97, the low was mid Dec. 97, and the lowest high point proceeding that was early/mid Nov 97. A line drawn between those points passes thru several price points inbetween. The only way I can get a lint without materially crossing
price points is to use the descending peaks in Feb, Mar, Jun & Jul 97.
Using those lines, the rally in late Dec 97/Early Jan 98 came fairly close to the declining trend line, then resumed the direction of the trend. The book probably has charts to illustrate points, but without those, and using your EK example, I don't see it.
What am I missing? Scott |
