Re: [CANSLIM] sweet chart

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] sweet chart
Date: Thu, 11 Jul 2002 23:11:04 -0400

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Dave,

What I described would not be a central line, it would constitute the lower
trend line, or support line. A significant crossing to the down side would
be a danger signal, if in get out, if not end run away and find another
playground to play in.

- ----- Original Message -----
From: <Davellil5@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, July 11, 2002 11:15 PM
Subject: Re: [CANSLIM] sweet chart

Tom, thanks much.

The central line you describe is what statisticians call a line of best fit.
Its angle to the horizontal is the slope.  And the upper (resistance limit)
as well as the lower (support) limit, run parallel to the line of best
fit --
in linear regression.

Finding the the best moving average is an interesting approach to getting
that line of best fit.

Regards, Dave

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