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

To: AllansAlias who wrote (97)	2/12/2001 4:19:00 PM
From: Rashid Garuba	Read Replies (1) \| Respond to of 52237

Sorry to interrupt, but this is in every tech analysis book ever written... Also, isn't the most important team to beat the one that you've come against most often and lost to? The proverbial "monkey on your back".. Rashid

To: AllansAlias who wrote (97)	2/12/2001 4:29:21 PM
From: Paul Shread	Respond to of 52237

E&M, page 291, on intermediate trendlines: "The greater the number of bottoms that have developed at (or very near) a trendline ... the greater the importance of that line in the technical sense." Page 298, also on intermediate trendlines: "...closing prices frequently make a better trendline than the extreme intraday lows.." Page 318 on major trendlines: "A little more leeway must be allowed on penetrations ... what you want from your monthly charts, primarily, is perspective on the broad picture." They spend a great deal of effort on the validity of any given trendline penetration (looking for a close below the line by 2-3%, high volume, failure to reclaim the line within a few days). Finally, page 610 mentions that the Dow's main bull market trendline of the last two decades, the 1984 trendline, was pierced twice, in 1987 and 1990.