Forum Archive Index - June 2002

[Phaedrus <Phaedrus@techemail.com>]

Jefley,
        I have attached an 8 year chart of CDL, giving the big picture. As you 
rightly surmised, the origins of the trendline you asked about lay "beyond the 
left-hand top corner". 
 To draw a tentative trendline, you need two swing highs, or two swing lows. 
Downtrends are drawn linking the highs, uptrends, the lows. A tentative 
trendline is confirmed when a third reversal "respects" the trendline. For more 
detailed comments about trends, see 
http://www.sharechat.co.nz/archives/2001/06/msg00514.shtml
 On the chart I have also drawn in the secondary trends that, taken together, 
comprise the primary downtrend. Each of these secondary trends can be further 
broken down into a series of short-term trends, and so on. So, the "steeper 
down trend using the spike at July 01" that you asked about was a secondary 
trend, and appears on this chart as such. 
 I think if I had posted this chart instead of the original shorter one, things 
would have been much clearer.

     Regards,
                 Phaedrus.
 
 
 

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