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

To: sean sanders who wrote (29818)	2/12/2002 4:58:52 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 52237

Your questions: 1. I'm of the old school, and I place the trendlines at the bottom or top of the entire price range for the day (or whatever timeframe you're looking at. 2. I look for FOUR touches of the trendlines - two on the top, and two on the bottom. ...i.e. there have to be FOUR minor trend reversals....(the recent IBM daily chart has only three touches - two on the bottom and one on top....that's why i would look for a pullback before calling an IBM triangle (but this pullback need not touch the bottom trendline.) BTW -The foregoing all per my reading of my trusty old TA manual - E&M second edition....