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

To: Henry J Costanzo who wrote (29813)	2/12/2002 3:50:52 PM
From: sean sanders	Read Replies (1) \| Respond to of 52237

You think so? a few questions here ... 1. In your opinion where are the trendlines for triangles placed ie at the bottoms of prices or at the place where the candle meets the wicks? I sometimes do both. This is what I figure ... there must be a reason the investors didnt want to stay down or up there so there must be some sort of resistance. ie for example with hammer bottoms you have the long wick on the bottom with the little head. Now I consider the part right below the body some decent resistance because the investors pulled the price back from that low to a specific point. 2. How many times does it have to touch trendlines to actually be a triangle? for example maybe it will only come down a little bit ie gather some steam and break out to form a asc. triangle ie thus not go down to the 103 level again. for example look at DELL march 98' Notice how it touched the trendlines 4 times and the last part it only went down a little bit then it broke out of the ie pennant or the asc tri or the sym triangle it formed. what do you think?