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To: Iceberg who wrote (17530)	11/28/1998 10:39:00 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

Ice Dan will give a better response but here are my 3 cents >> 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"? there is no single time frame it depends on how long you intend to hold the stock for a quick flip it may be the trend of the last 10-20 ticks for a long tern hold, maybe the 60-200 day moving average every single trade differs depending on your hold parameter and goal

To: Iceberg who wrote (17530)	11/29/1998 9:07:00 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

TIE and trends. Ice, I agree with Ron's answer. The time frame over which one looks should depend on how long you expect to hold the stock. Nobody can say for sure how long a stock will take to reach a particular target, or if it even will reach the target. However, logically it should take longer for a stock to move 5 dollars than 3/4 to 1 1/2 dollars. My target on TIE is 11 1/2 to 12 so I would consider this a short term trade. Therefore, I'm looking at the short term chart. I think one could make a case that TIE might be basing on the weekly chart as well--i.e. the intermediate term trend may be changing. This will be true as long as the stock doesn't make a new 52 week low below 9 1/2. With regards to your other question... <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?> The former is more my style. Internet stocks--I'll pass. I'm afraid that I will be the last "fool" to push the buy button. It's obvious to me that this is a speculative bubble that will burst one day and some people are going to get hurt very badly. I don't want to be one of them.