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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: sammy levy who wrote (3973)1/20/1998 8:32:00 AM
From: TATRADER  Read Replies (1) | Respond to of 7396
 
sammy, Elder is speaking of a trendline being broken at the end of day...Intraday violations do not bother the technical analyst..If I am not mistaken Elder uses the 3% rule, which is what I use as well...Another helpful tip,(NH20 uses this one too) is two days below support or two days above former resistance point, constitutes a legitimate break in trendline...Regards, Mark