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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: TimbaBear who wrote (28739)10/7/1999 11:22:00 PM
From: HairBall  Read Replies (3) | Respond to of 99985
 
TimbaBear: Well I erase them as soon as they loose relevance. If you take some time to look at the chart for a while, trust me it will come into focus.

My Qchart Trend Lines:

Green lines are resistance trend lines or resistance horizontal price action areas.

Red lines are supportive trend lines or supportive horizontal price action areas.

Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action.

Dark Blue Lines are formations lines.

Hope this gives the chart some clarity...<gg>

EDIT: Also, some of the lines would become clear to you if I panned the chart back for a longer-term view.

Regards,
LG