Short Term Trading Member Forum

[MetalFillBoy]

RE: techcharter: Drawing Trendlines.

My weekly chart from last week had the trendline based on the tails vs. the closes. I think either way the trendline is broken to the downside. To be honest, I am not sure what is the "correct" way to draw trendlines; some use the tails,, some use the close. I am thinking what ever fits the best.

Also, take a look at Ted Burge at Stockcharts.com. He post PnF charts that are also showing a break down of the trendline.

At any rate, I plan on a long for a few days, then a short for a longer term (1-2 weeks).

Good Luck!