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Re: GLENO34 post# 54118

Saturday, 06/28/2008 12:24:23 PM

Saturday, June 28, 2008 12:24:23 PM

Post# of 384923
Gleno, this is a daily renko chart. Notice last July and the 3 boxes down/then a trend reversal. We are there right now, but this time the drop happened to be in June instead of July. I guess we will see. I am using the ATR. I spent all last night reading about Renko. The ATR (Average True Range) is great so you don't have to calculate the price range/points yourself since it varies greatly from say a $500 Goog stock to maybe a $5 Small Cap.



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