MoneyTec.com Traders Community Forum - View Single Post - The three unchanging laws of market movement

TrendlineBreak · 12-10-2004, 05:03

Hi James,

Have looked at these numbers in the past with interest but could never work out where to draw the high and low, and when you approach a level, do you say - its going to push through, or its going to bounce off.

Couldn't you equally have started the high at the peak before which would have changed the levels.

Whats your guide to how far to go back for the 100% and 0% base lines.

12-10-2004, 05:03	#4 (permalink)
TrendlineBreak level 3 Join Date: Jul 2004 Posts: 361 Rep Power: 0	Hi James, Have looked at these numbers in the past with interest but could never work out where to draw the high and low, and when you approach a level, do you say - its going to push through, or its going to bounce off. Couldn't you equally have started the high at the peak before which would have changed the levels. Whats your guide to how far to go back for the 100% and 0% base lines.