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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (34798)	3/29/2000 2:13:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79243

David, I'm going to have a question or two for you concerning magnet trendline intersections when I see you in AC. Well...ok...actually...I'm asking you here (but you have until AC to get the answers :-)) Is there any predictive significance related to the the type of trendlines intersecting? ie...Is there a difference in expected price reaction depending on whether the 2 lines are both uptrending, downtrending, one up and one down? If one is up and the other down, is there any greater weight attached to either line on the basis of when either was born? Is there greater weight attached to either line on the basis of proximity to a horizontal or activity preceding such proximity? The reason I ask is because that late April trendline cross itself appears to be gaining weight in light of current market activity. Yikes huh? Doug R PS...PHEW!!! I'm back from the seminar lab. The manual and class plan is completed and I can get back to posting again. Not that the market is doing anything to post about since the paste/anti-paste ratio went sour on Friday. The general pace of the market has shifted to one that now requires patience (boredom). I'm maintaining most positions I had going into this period. The key strategy now is to refrain from selling just because it's boring. Boredom is never a good reason to sell. In fact, I've adopted a strategy of adding at the times when I get so bored I feel like selling. Bdog should understand this. Whenever he sells out of boredom...the stock he sold takes off without him. Bdog has taught me much in this regard *;-)*