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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (17500)	11/27/1998 8:37:00 AM
From: tom pope	Respond to of 53068

>>I'm stuffed more than the turkey.<< Looks like I stuffed myself by selling ONSL at the close on Wed. Right now the bid is up 10! And BAMM is bid 18!!!

To: DanZ who wrote (17500)	11/28/1998 9:55:00 AM
From: Iceberg	Read Replies (2) \| Respond to of 53068

Chat Dan, "TIE trends" you said: >>I disagree that TIE is in a downtrend. The stock has been in a trading range between 9 5/8 and 12 7/8 for the past five weeks. In retrospect, my question to you about TIE's trend was not a fair question because I didn't specify a time frame. In view of your response, I went back to the fundamental definition of a "trend" and a "trading range"... traders.com One common element in describing a "trend" and a "trading range" is "time". Without specifying a time frame, I suppose there is no point in using either of the two terms for discussion purposes. In my question to you about TIE's trend, I used the word "trend" without specifying an associated time frame. Not cool, as I now see. So you were correct to have attached a time frame to my question about TIE's trend in saying it has been in a trading range during the past 5 weeks. That's true, as were the other time frames you mentioned. It's also true, IMO, that TIE has been in a downtrend, as I suggested [but didn't specify in terms of time], during the past 3 weeks, and during the past 4 months. It's also been in a trading range, as you said, during the past 5 weeks, and I guess you could say, during the past 3 trading days. Given that background, I have a follow-up question...how do you go about selecting a time frame, or time frames, for use in determining the trend or trading range of a stock? It seems to me that with most any stock, one can say "the trend" is either "up" or is "down" by simply defining or redefining the associated time frame. Using multiple time frames, I assume, is most appropriate for orientation purposes. However, it seems to me that one has to ultimately choose one single best time frame to use as a basis for making a particular trade...that is, by asking, "is the current price high or low, and relative to what"? So do you start with a fixed time frame and let the trend be the variable? Or do you start with a trend and let time be be variable? I'd appreciate any insights you may have into which comes first - the time frame or the trend? Maybe that's too much of a "chicken or the egg" type of question, but I think it's one worth asking. Thanks! Ice