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


To: eddieww who wrote (58885)9/11/2000 11:26:40 PM
From: Saulamanca  Read Replies (1) | Respond to of 99985
 
It only takes two data points to draw a trendline. A third data point would confirm the trendline though. Cutting off the tails on those 2 days would be eliminating 136 and 148 NDX points, something I wouldn`t do. Plus that trendline just doesn`t fit.

Try using the lows from 5/26 7/31 and 8/11. The NDX closed right on that trendline today.