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

To: Doo who wrote (42264)	2/7/2001 5:46:12 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

Three touches each on the upper and lower trendline is ideal (what's the saying, two points is a line but three is a trend?). I'll usually take the line with the most touches if there's more than one option. I'll allow piercing and a little sloppiness, as long as the integrity remains. I also watch volume, which is half the equation and should never be ignored. There are exceptions to everything, of course. On an H&S, for example, the trendline often starts off the right shoulder rather than the head. Hope that helps.