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To: bcrafty who wrote (128888)2/2/2006 12:54:15 PM
From: robert b furman  Read Replies (1) | Respond to of 209892
 
Hi bcrafty,

The more I see of JOT pitchforks the more they displace the simple trendline concept.

Then there is always the regression line.

Bob



To: bcrafty who wrote (128888)2/2/2006 1:04:58 PM
From: skinowski  Read Replies (3) | Respond to of 209892
 
When in doubt about lines, I always go to the Victor Sperandeo rule - up from a significant price point, and through the low which precedes the last top. Reverse for down trends. Works, and implies certain discipline.

Indeed, as I recall, Sperandeo thinks rules are necessary because at some point we all see what we want to see... and that can be costly.


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