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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (57929)	9/9/1999 2:03:00 PM
From: stan s.	Read Replies (2) \| Respond to of 90042

Showing a chart of ASPT in response to several recent PM's to cover some points. I draw uptrend lines under the stock connecting prominent points of opens and closes. (I use candlesticks) geocities.com This also shows the stock continuing the break out of a symmetrical triangle after the long uptrend. There are numerous variations of triangles...if you use them you have to be aware if the subtleties and note whether they are preceded by uptrends or downtrends. If you don't know the difference...do not use them. I'm also showing straight line resistance...again I use the prominent opens and closes...you can see ASPT pulling over right now... Some people use hi/lo or only opens or only closes or other variations...and yes I'm aware of that. After years of anecdotal evidence this is my preference. You can use the descending line depicting the triagle as an example of how I plot a downtrend line... You chose the points you use and the spread between point...depending on the time frame of the potential trade..to determine when uptrends and downtrends are broken and using that as possible entry and exit points. Obviously using indicator confirmation and/or candlesticks is an extra advantage. Hard to explain here.. That's it. Stan