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

To: bdog who wrote (36957)	9/14/2000 4:37:53 PM
From: Doug R	Read Replies (2) \| Respond to of 79382

Bdog, "I don't believe in the concept of support because like all technical indicators, they are only right 50% of the time." Either way...the point makes no sense. If uptrending support is used as a stop, it doesn't matter if it's broken or not. You act based on how support is treated by the stock. If accelerated trendlines are used for stops...then you get a breakdown 100% of the time. The point is...sell on the breakdown or buy on a successful test of support. Saying 50% is untradeable is absolute hooey IMO. Doug R