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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: wsw1 who wrote (5584)7/9/2007 12:09:48 AM
From: hubris33  Read Replies (1) | Respond to of 50712
 
your trend-lines are incorrectly drawn as well

you cannot chop off candles. you need to draw them from low to low and from high to high.


LOL! Another bash from my "friend" billy wright! Do you look for ways to follow me around and take shots at me?

BTW - from where did you learn TA?

I have studied a few different philosophies and tend to follow Elder, who has this to say about trend lines:

Most chartists draw a trend line through extreme high and low points, but it is better to draw it through the edges of congestion areas. Those edges show where the majority of traders have reversed direction....Panic dumping by bulls at bottoms and panic covering by bears at the tops create the extremes, which appear as "tails" on the charts. You want to base your trend lines on the edges of congestion areas and not on the tails because tails show little about the crowd other than its tendency to panic.
page 88, traderslibrary.com

So dude if you weren't spending you time being filled with hate of other posters perhaps you wouldn't demonstrate your ignorance on the thread for all to see. Perhaps some of that energy you use to bash me would be better served focused on some education to cure that ignorance?

BTW- Is your portfolio still 90+% in TRE stock?
Message 23370592



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