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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (7772)11/3/1998 7:32:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 44573
 
Pat,

Yes for starters, but it's much more than that. The price is attracted to the center line, but when it touches that line, the price is repelled and a violent market reaction typically occurs. If the price returns to that line within a day or two or three, the trend will likely continue. There's still more, it's a highly versatile tool. But, you have the idea on how to draw it. Reading it is another thing altogether.

GZ