The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bdog who wrote (17479)	5/23/1998 5:27:00 AM
From: Doug R	Read Replies (2) of 79470

Bicentricdog, ONTC: Sorry to give you a line with two possible initial anchors. I think I have found a solution though. Upon further examination, I have found an uptrending line that takes previous opens and closes into account while still being anchored on lows. This line should allow for a reasonably small bit more to the downside while offering more protection against being prematurely shaken out. The dates are 5/12 and 5/14. The line needs to be drawn exactly to see how it has been significant since 3/5/98. It is also the type of line (which I try to rarely use) that dictates a leeway of 3% below it as a final stop. Doug R

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