Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jsavage who wrote (37121)	9/23/2000 2:31:54 AM
From: Doug R	Read Replies (1) \| Respond to of 79398

JAS, Adherance to the timeframe is significantly less important than aderance to the supply/demand dynamic defined by the activity in relation to the pertinent lines. The timeframe has much more variance. The 1/2 rule is an average while the ACT value is definite. The unerring result of IL violation is the only 100% part of the algorithm. RR targets are only reached about 90% of the time. And...the ACT is actually breached to the downside about 50% of the time. And...about 40% of the time, price actually moves higher than RR projection while 10% of the time...RR is not reached. Taking profits always works though, Doug R