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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (9791)3/6/1999 2:11:00 PM
From: CatLady  Read Replies (1) of 12039
 
You asked if anyone looked at cycle lines etc.

Yes, I spent several hours drawing cycles and fans on charts w/ Metastock. All I came up with was the feeling that such cycles were every bit as subjective as flags, pennant and h&s patterns. That is, if I drew enough cycles, eventually one of them would fit.

I have, on the other hand, found trendlines to be of considerable value in assessing short term trend reversals.
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