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To: sandbag who wrote (6245)2/13/2000 2:23:00 PM
From: Rick Escher  Read Replies (1) | Respond to of 24042
 
Hi Barry,

Thanks for the pointers. I'll check out the links you suggest.

JMHO, but I believe you have drawn your baseline incorrectly.

I see what you mean by regarding the baseline, but how do you decide what is significant enough to change the baseline? Experience I suppose - I guess you do hundreds of these over the years and you learn what is significant and what is not.

In the figure I posted at maxti.com, I choose the baseline to be the support at $190. It seemed to me that the intra-day low on Jan. 31 was not significant enough to move the baseline.

Thanks again for the help,
Rick