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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (33739)10/10/2008 10:53:45 PM
From: Chip McVickar  Read Replies (1) | Respond to of 206795
 
Pink line is what's called an "Internal Support/Resistance Line" - its formed prior to and then must cross the price bars into the future before it becomes active.

It can be drawn off any two concurrent (not broken) highs or any two lows and projected into the future... have found it very useful in any time frame.

It is not a trend line....

Lets hope the median line has some force behind it...