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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (14154)	1/28/2002 11:35:26 PM
From: rolatzi	Read Replies (1) \| Respond to of 74559

Twenty years puts at 1982 which was the beginning of the last bull market. If you believe that the current action is a continuation of the bull market then it is a buy. If, however, you believe that the last two years was a climax in that bull market then the bottom of the channel may have no meaning at all. It is perhaps useful to examine the channel on a longer time scale. I think it is always good advice, if you utilize technical analysis, to examine the next longer time scale to see how your conclusions hold up. For example if you trade according to daily charts, examine the weekly chart and see what it says. So, how does the chart going back 50 or 60 years look in terms of channel and projections forward? Ro