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To: TREND1 who wrote (51209)	4/29/2000 2:09:00 PM
From: Land_Lubber	Respond to of 53903

Larry, QCharts also allows any sigma multiple to be used, even different multiples upper and lower. However, in my experience with this TA device, it is the 2-sigma symmetric channel that is often respected by trading issues. I presume that the reason for this is that arbitrage trading programs and other trading programs at big investment houses also use 2-sigma bands somewhere in their internals, but that's just a guess. The way that I use this backward looking tool is to watch and see if a channel is respected during an edge encounter. If the channel is respected, I take a position that will profit if the stock then heads for the other edge. No guarantees of course, but it has proven to be a reliable indicator for me. If the edge is not respected, I take a position that assumes that the old channel is history and that a new channel (if any) will have a slope opposite of the original. Land_Lubber