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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (224)	1/17/1998 10:35:00 AM
From: Skipperr	Read Replies (1) \| Respond to of 1720

Rainier - Do you draw the trendlines on a "Close Only" chart or on a full price chart that includes Open-Hi-Lo-Close? Skipper

To: HeyRainier who wrote (224)	1/17/1998 5:03:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 1720

RE:trendlines->>The lowest low before the highest low that precedes the highest high of the period under consideration is $93.375, established on 4/14/97.<< Why didn't you begin the line on MSFT at 3-27-97?That looks to ber the lowest low from Feb to March. GD

To: HeyRainier who wrote (224)	1/19/1998 11:04:00 PM
From: Scott H. Davis	Read Replies (1) \| Respond to of 1720

[Question on Trend Lines] Rainier - looking at EK for a declining trend line for the past year, I can't get a line that meets the criteria, unless I'm missing something (entirely possible) With the Victor directions, the migh was in Feb 97, the low was mid Dec. 97, and the lowest high point proceeding that was early/mid Nov 97. A line drawn between those points passes thru several price points inbetween. The only way I can get a lint without materially crossing price points is to use the descending peaks in Feb, Mar, Jun & Jul 97. Using those lines, the rally in late Dec 97/Early Jan 98 came fairly close to the declining trend line, then resumed the direction of the trend. The book probably has charts to illustrate points, but without those, and using your EK example, I don't see it. What am I missing? Scott