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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (129183)	2/7/2006 7:23:58 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

IMHO.......strictly classical orthodoxy, Ray....none of this newfangled fooling around....LOL Trendlines are drawn touching recorded highs and lows ONLY.... ..and while I'm at it....they can be drawn on charts showing equal-time-length bars.....e.g. months, weeks, days, wiggle units.......but NOT on the 60 min. charts shown by StockCharts....which are an olio of 30 AND 60 min. bars....

To: Galirayo who wrote (129183)	2/7/2006 9:42:14 PM
From: cybersaavy	Read Replies (2) \| Respond to of 209892

Actually I review daily or weekly line, candle & bar charts although I eventually settle on what I consider to be the cleanest looking that makes the point. The line chart tightens everything up and removes gaps, spikes and other noise that may not be relevant to identifying support/resistance, a longer term trend or short term direction for example. The presumption on my part is that everyone has chart set-ups and favorite indicators that can be easily transposed for comparison and I believe that chart analysis is indeed somewhat subjective in any case. My advice is use what works for you. Since they changed SC's beta site, I'm finding that some of the charts I create are slightly too large to host at MyCharts and I am faced with the prospect of redoing it or using ImageShack instead. It appears that 2 indicators may be the limit. And it's these kinds of technical divergences that would get me the hell out now. stockcharts.com cs