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RE: [sharechat] TLS Chart


From: "Martin Ryan" <mryan@cortell.co.nz>
Date: Mon, 14 Jul 2003 16:36:28 +1200


Fantasically simple; love it.  A question though - where do you derive the
equation for the line though?  It seems to be a case of join the dots - take
two spikes and draw a line between them, but how do you choose which two
spikes to use?

I'd appreciate a link to a site where such simple questions on TA and the
like could be answered, rather than disturb gurus like yourselves with my
infantile questions.

Cheers,
Marty

-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Phaedrus
Sent: Thursday, 10 July 2003 5:44 p.m.
To: Sharechat@sharechat.co.nz
Subject: [sharechat] TLS Chart


 Well, there it is. After being in a downtrend since 1999, Telstra has
finally broken above its long-term trendline.  This, the simplest of
technical analysis tools, has kept you out of this stock for 4 years, during
which time the price has halved.

                          Phaedrus.

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