Re: [CANSLIM] sweet chart

From: Davellil5@aol.com
Subject: Re: [CANSLIM] sweet chart
Date: Thu, 11 Jul 2002 23:15:00 EDT

Next Article (by Date): Re: [CANSLIM] sweet chart "Tom Worley"
Previous Article (by Date): RE: [CANSLIM] Doom and Gloom "Hill, Ernie"
Top of Thread: Re: [CANSLIM] sweet chart "Tom Worley"
Next in Thread: Re: [CANSLIM] sweet chart "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

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

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.