Comments on: My Playground – The Bar Chart, and Why I Use It http://www.asxmarketwatch.com/2009/06/my-playground-the-bar-chart-and-why-i-use-it/ Australia's Foremost Authority On Stock Market Trends Sun, 29 Jan 2012 01:05:37 +0000 hourly 1 By: Dave McLachlan http://www.asxmarketwatch.com/2009/06/my-playground-the-bar-chart-and-why-i-use-it/comment-page-1/#comment-1627 Dave McLachlan Fri, 19 Nov 2010 09:34:09 +0000 http://www.asxmarketwatch.com/?p=5#comment-1627 Hi Angela, Not at all, I admire your desire to learn about the market. Very impressive! With trend lines, you are asking some fantastic questions, and you are on your way to discovering the more advanced side of using them. The truth is, it depends on the stock and its personality - each one is different. Back-test it over 10 years or more if you can. Some will respect the long term trend line, others will require you to use a steeper trend line and exit as soon as possible. Hope this helps! Dave Hi Angela,

Not at all, I admire your desire to learn about the market. Very impressive!

With trend lines, you are asking some fantastic questions, and you are on your way to discovering the more advanced side of using them.

The truth is, it depends on the stock and its personality – each one is different. Back-test it over 10 years or more if you can. Some will respect the long term trend line, others will require you to use a steeper trend line and exit as soon as possible.

Hope this helps!

Dave

]]> By: Angela Lui http://www.asxmarketwatch.com/2009/06/my-playground-the-bar-chart-and-why-i-use-it/comment-page-1/#comment-1613 Angela Lui Wed, 17 Nov 2010 23:27:40 +0000 http://www.asxmarketwatch.com/?p=5#comment-1613 Hi Dave, on a weekly chart, if it closes below a longer term (5-month) trend line, can i call it an exit signal or do i wait for another weekly close below the trend line to confirm? The previous trough is out of the question as by the time the bar dips below the flatter trend line, it must have surpassed a number of immediate though not very obvious previous troughs. And the more obvious previous trough is when the price last touched the trendline and is way below the current price. Hope I am not taking too much of your time by asking all these questions. Hi Dave, on a weekly chart, if it closes below a longer term (5-month) trend line, can i call it an exit signal or do i wait for another weekly close below the trend line to confirm? The previous trough is out of the question as by the time the bar dips below the flatter trend line, it must have surpassed a number of immediate though not very obvious previous troughs. And the more obvious previous trough is when the price last touched the trendline and is way below the current price. Hope I am not taking too much of your time by asking all these questions.

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