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To: tyc:> who wrote (64768)4/12/2009 8:28:22 AM
From: TheSlowLane  Read Replies (1) | Respond to of 78417
 
You have to first pick a timeframe in order to determine trend. Would you use a 5-minute interval intraday chart to verify whether a multi-year bull market is intact? If you are a day trader than the intraday chart is the right tool. If you are trying to stay on the right side of a long-term bull market then I suggest that weekly and monthly charts and the appropriate moving averages and trendlines are the right tools. A screwdriver does not work very well if you are trying to hammer in nails. Make sense?



To: tyc:> who wrote (64768)4/12/2009 9:59:05 AM
From: loantech1 Recommendation  Read Replies (1) | Respond to of 78417
 
If you look at any chart over 6-12 months in duration it may look different.


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