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[sharechat] ITC

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Mon, 1 Oct 2001 19:18:39 -0700 (PDT)

  Because trendlines are straight, they represent a linear time/price 
relationship. If the rate of change of a stocks price changes (the trend 
accelerates) a new trend line will be required to represent the new time/price 
relationship. The attached chart of ITC gives an excellent example of this. A 
steady downtrend accelerated and became steeper, then accelerated again to 
become a nosedive. Use of these three confirmed trendlines kept you out of ITC 
for well over a year, while it followed an inexorable downward path. 
         Phaedrus.

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Re: [sharechat] ITC Adam Rands

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