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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (4036)	9/15/1999 8:16:00 PM
From: TraderAlan	Respond to of 18137

Matt, Look at today's TICK on a 5-min: hardrightedge.com 1- parallel channels marked the entire day 2-the descending high TICK became a resistance point on the third high 3- the horizontal - 980 was hit 4 times and marked support 4- dojis and hammers identified at least 5 reversal points Of course, you can't draw all these lines until the market close. You work with what you got and extend out the lines as the day develops. I start by using prior days as that what all the other TICK traders are looking at. Alan