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Strategies & Market Trends : Technical Analysis - Beginners

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To: shasta23 who wrote (8724)	9/30/1998 9:32:00 AM
From: David R. Evans	Read Replies (2) of 12039

Hello Stefan, Great to hear it helps...... I just updated ALL the charts so take a look and let me know what you think..... Make sure you look at LU Daily.. It's a GREAT example of using the Regression Channel breakout... LU did not breakout of the channel and look what happened to it yesterday...... When you draw the regression channels in MSWIN, extend them to the right BUT do not re-draw then until a new high is hit. When price falls out of the channel (bottom) it is negative. When a stock is in a down trend, it MUST break out of the channel. If it does not, it is still in a down trend. I do not like to buy them when they are still in down trends because that's when they reverse on you... Dave Evans interactive.net

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