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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (3839)	1/13/2005 8:35:02 PM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Sandi, Re:When you place and upper and lower trend-line on a chart, you have a trading channel. Sandi asks: So we do this by including a Linear line? The answer is yes! Sandi asks: I noticed when you did this, you excluded the BB..is there a reason for this? The short answer is yes; the explanation is as follows: Bollinger Bands measure a trading range / a mid range (20 ema) / and it measures price extremes (trading above or below the bands) = BB = 3 month time frame or less, meaning don’t try to use it as a tool for T’A beyond that. A Linear Line is used to measure a much longer time frame…..one or more years ideally but can be used for shorter time frame, less ideally. Message 20947853 Reid