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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (10112)	1/11/2001 12:39:00 PM
From: Craig Lacy	Read Replies (1) \| Respond to of 30051

Dave, Sometimes, when a breakout from a channel occurs, prices can move a distance equal to the width of the channel. So, you can measure the width of the channel and project that from where the trendline was broken. Look at the 60 min chart on SSTI. Draw parallel lines on the tops and bottoms. Looks to me like it has to pass through 16 to breakout. I'm relatively new at this so comments welcome. Having trouble with SI. Sold CSCO 36 for a loss of 5 points. DCTM broke resistance at 50 (the old century line) and likes to jump at this point. IWOV moving nicely to my sell point at 33