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

To: David R. Evans who wrote (8926)	11/17/1998 5:36:00 PM
From: Webb B Blackman Jr	Read Replies (1) \| Respond to of 12039

I look for the high and low of the most recent run and use them to draw my channels.... Dave, I received a note from Richard today saying that he uses something other than the 2 standard deviations. I think that he was above 2 for the upper band. I will have to get his note and read it again. Today was a real wild one. I saw one stock that I was following drop from around $27 to $20, only to later recover to around $24. There was no technical reason to buy more at $20, but I did. Now I can look at the charts tonight to see if I should keep the additional stock. --- webb ---