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What's New !
August 4, 2005
This newsletter is for
educational purposes only and subject to Incredible Charts Terms of Use.
Incredible Charts Pro Version 4.0.3.865 Automatic Update
When you next open Incredible Charts you will be automatically updated to the latest version.
If you are prompted by your firewall, please remember to select Permit All from the available options.
The firewall default is normally Block All -- if you select that,
it will prevent all communication with the server.
New Features
Scroll Stock Screens and
Watchlists
Both Active Watchlist and Stock Screen Results can be scrolled using
- the UP and DOWN arrows on your keyboard; or
- your
mouse-wheel.
To toggle between the Active Watchlist and Stock Screens:
- click your mouse-wheel;
- your mouse center button; or
- keyboard shortcut
B.
The Active Watchlist is "active" at startup
-- the blue "arrow within the arrow" signifies that the Active Watchlist can be
scrolled.
Stock Screen Results are active when the blue "arrow within the arrow"
is within the yellow arrows.
INCREDIBLE OFFER - only $12 (USD) per month
30 day FREE trial -
Download Here
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Trading Trends: Trendlines
Another in the series of
articles on trading trends:
Trendlines
A trendline is simply a momentum indicator. It measures the rate of increase
in the share price over time and alerts you to any acceleration or deceleration
of the trend. The difference between trendlines and other momentum indicators is
that you use a super-computer (the human brain) to visually identify the trend, rather than a simplistic formula
calculated on your PC.
| Trendline Basics |
- Draw trendlines through the lows of an up-trend -- and through the highs of a down-trend;
- On long-term charts, draw trendlines through closing prices;
- Use either normal or log scale charts but be aware of their respective weaknesses;
- Trendlines must be respected by at least three troughs (or peaks in a
down-trend) -- if respected twice, the trendline is not yet confirmed;
- Trendlines should not intersect (cut across) price at any point if
extended.
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Support and Resistance
Trendlines do not predict levels of support and resistance. Support and resistance run
horizontally; not at an angle.
For an explanation of the basics, see Support and Resistance.
Many traders confuse the two concepts: the lower line in a trend channel is often
referred to as the supporting trendline.
Highs or Lows
On a short-term chart (6 months or less), draw trendlines through the lows during an
up-trend.
And through highs during a down-trend.
To read further - Click Here
Or go straight to one of the sub-topics:
Regards,
Colin Twiggs
States are not moral agents, people are, and can impose moral standards on powerful institutions.
~ Noam Chomsky
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