Forum Archive Index - February 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

I always use the closing price and a chart using the semi-log scale for my
trend lines.
Please feel free to ask further if you do not understand that statement.
Andrew

----- Original Message -----
From: trader 100 <trader_100@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, February 13, 2002 8:45 PM
Subject: [sharechat] Internal Trendlines


> 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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