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

To: Cube who wrote (19883)	7/26/1998 11:13:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79274

Cube, Actually, if Collin is going to start daytrading he has no business thinking about multicolinear indicators. He should focus on any number of the mechanical signal types out there. The PGDCEB and the 3 dRSI trick for example. Then of course there's TD supply line breakouts. That's a trend line breakout that uses the two closest peaks and targeting a move of equal size as the distance from the line to the low between the peaks. GTNR just did a TD supply line break out on Friday that projects 3/4 of a point in the next day or 3. Anyway, that's the stuff very short term traders look for. I think day trading is not actually what Collin meant to say since that's done with 1/4 and 1/8 point moves on a bunch of trades every day while closing out the day without any open positions. Doug R