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Guy,
I see where you drew your channel. What rules do you use for drawing
raff regression channels. Are you just looking for ones that are almost
parallel to moving averages? I'm trying to develop hard and fast rules.
Right now, for short term up trend channels, I start with the low just
previous to the last bounce off the bottom of the longer term channel and
end with the highest high.
Jim
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From: Guy Gordon <gordon@xxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx
Subject: Re: Quantum, QNTM
Date: Tuesday, July 29, 1997 8:58 PM
OK, I drew your channel, and QNTM broke it today. And I can see why
you chose 6/26 as a starting point, as a reversal day.
But I like this channel better: Raff Regression from 5/30 to 8/25.
Note that 5/30 is ALSO a reversal day.
The reason I like this channel better is that the lower line
corresponds to the 26-day MA for almost the entire month of July.
And the top line of the Raff corresponds to a line draw through the
highs of 6/17, 7/16, 7/23, and 7/24. These two things validate the
trend for me.
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