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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (6070)	3/15/2001 8:43:32 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

Time frames are important though too, aren'et they? Thta's one thing I haven't got a grasp of yet since time frames make things look so different. What would a 10 year chart of the NAZ look like? It would look good if you bought 10 years ago. ottographs.com But I'm not sure you want to trade off a 10 year line! Clearly the Nasdaq rise through 1998 to 2000 was unprecedented. If nothing else, the rapid rise was a big flashing light saying "trail stops!". An investor trailing stops just under the prior two months would have been out of this decline near 4000. Although the trader should recognize the parabolic nature of the climb and bring stops much tighter. A longer term investor could simply dial down to the weekly chart, and start trailing stops. Based on the swing methodology we use on Ottographs, the investor would be stopped out at Nasdaq 4400 approximately and missed all the pain. I always look at charts in the two time frames up from where I am trading. Helps to see the big picture and ensure we are trading with the trend - assuming we are not doing a counter-trend trade at a test of top or bottom.