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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (33535)	10/18/2000 8:05:50 PM
From: HairBall	Respond to of 42787

Chris: Keeping it fair, indicators are far from 100% as well. One does not use patterns “not yet formed” to read a chart. One uses patterns in play to help determine trend follow through or trend reversal potential and to identify price intersection boundaries to aid in determining entry/exit strategies. One uses trend lines in much the same way. A proper understanding of not only how to plot chart patterns, trend lines and horizontal price action support/resistance areas, but the proper use of them can greatly enhance one's ability to profit in the market. The biggest problem I see out there is the improper plotting of chart patterns and trend lines coupled with the use of patterns with low probability rates. I use, chart patterns, trend lines and horizontal price action points in tandem with price/volume/cycle indicators to help determine action to be taken or not as price intersects the boundaries of chart patterns, trend lines and horizontal price action points. Of course all IMO... Regards, LG