Forum Archive Index - February 2002

["trader 100" <trader_100@hotmail.com>]

In his book "Getting Started in Technical Analysis" Jack Schwager discusses 
the subject of internal trendlines.  He argues that because conventional 
trendlines are typically drawn to encompass extreme highs and lows, which 
represent emotional excesses in the market, they may not be as useful as 
internal trend lines drawn as a best approximate of the majority of relative 
highs or lows without any special consideration given to the extreme points. 
  I know you have devoted a lot of time to explaining trendlines on this 
forum Phaedrus but in searching through archived posts I haven't come across 
anything directly realted to this subject.  Would youself, Andrew and any 
other active traders be able to fill me in on your thoughts of internal 
versus conventional trendlines.

Regards,

T100


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