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Strategies & Market Trends : Bottom (and Top) Pickers, Unite! -- Ignore unavailable to you. Want to Upgrade?

To: Christopher who wrote (199)1/30/2001 2:09:38 PM
From: Teresa Lo  Respond to of 214
 
"...My question is this, do we expect to apply the 1-2-3 bottom to weekly and monthly charts just as much as daily charts? Does it apply to only weekly and not monthly?..."

Sorry for the late reply. The techniques work in all timeframes, but one thing to remember is that the timeframe you see the setup is the timeframe you should trade it in. If you see something on the weekly chart, and you want to trade it on the daily chart, you have to find a valid setup in the smaller timeframe in the same direction as the bigger one.

Hope that made sense!

Teresa



To: Christopher who wrote (199)2/2/2001 12:09:59 AM
From: drknowbody  Read Replies (1) | Respond to of 214
 
Anything that works in one time frame will work in another. When you are looking at charts you are simply looking at a map, this map shows you points where there is likely to be extreme emotions on the part of the crowd. When you are dealing with the smaller time frames, just think of it as a smaller map. You read it the same.

Theo.


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