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


To: Chris who wrote (8763)12/3/1997 7:39:00 PM
From: Dave H  Read Replies (1) | Respond to of 79304
 
IL == Impossible Line

Here's Doug's explanation:

exchange2000.com

Might I add that a stock cannot stay above it's IL for very long if indeed it makes it there in the first place! And usually there is a sharp reaction to hitting the IL.

Much better for the heart if a stock just keeps in a nice uptrending channel, IMO. <g>

-dave