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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Paul Viapiano who wrote (8279)	4/5/1998 3:39:00 PM
From: peter n matzke	Respond to of 12039

Paul, there are many different ways to draw trend lines, you may use high, low or close. Thomas Demark says that you should only draw trend lines from right to left. if a stock is in an uptrend you would look for the lowest significant low(it must be lower than the points to its right or left)on the right side of the chart and then draw a line to the next significant low to its left( it can not cross through any points). if a stock is in a down trend, you would look for the highest significant high on the right hand side of the chart and then draw a line to the left to the next significant high. This is the inverse of many others, however, you will find many different ways to draw trend lines, as you read more books on technical analysis.