Monday, October 03, 2005 10:56:22 PM
That's not what I asked.
You worte:
red line looks like it will go up
I wanted to know:
What makes it look like it will go up and the green line wouldn't? or that the red wouldn't head back down?
Those lines could very well change with tomorrow's trading the Aroon (3) is more apt to do that since the time frame is so short you can look and see where it happened recently. I use aroon (5) for looking at the short term. The longer time frame aroons give you a much better idea of what is the trend.
I also added some notes as to why I think the pattern will not fall apart this time.
You worte:
red line looks like it will go up
I wanted to know:
What makes it look like it will go up and the green line wouldn't? or that the red wouldn't head back down?
Those lines could very well change with tomorrow's trading the Aroon (3) is more apt to do that since the time frame is so short you can look and see where it happened recently. I use aroon (5) for looking at the short term. The longer time frame aroons give you a much better idea of what is the trend.
I also added some notes as to why I think the pattern will not fall apart this time.
Don't let your prejudices, assumptions and ego cause you to come to conclusions which on the surface seem sound and correct but in reality are flawed
My Board for discussion of any stock.
http://www.investorshub.com/boards/board.asp?board_id=8758
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