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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Bob&Carolyn who wrote (6579)10/28/1997 9:31:00 PM
From: David M.  Read Replies (1) | Respond to of 79273
 
Carolyn,And Bob(9/18 and 10/17 are the lows to line to.a lower low and and higher high have to be tested before the lows are determined ( I think I said that right)Any way if you take the three month chart and take a line from 9/18 to10/17 you have the lows and hopefiully the next support level.As far as mondays low goes this will not be afactor at this point unless it was to close at a lower high than friday and then close at a lower low today than monday(which didnt happen)unless your charting interday moves (Very Difficult) close to close is the rule of thumb.
Dont Quote me here Im just a student also but I think Im Close .
David