RE: [CANSLIM] Intraday Prices or Closing Prices?

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Intraday Prices or Closing Prices?
Date: Fri, 2 Aug 2002 17:08:11 -0600

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Most people myself included use the true Highs and Lows of the day for most
chart stuff.  I use High/Lows and Open/Close when I do daytrades but for
Breakouts on dailies and weeklies I use the true High/Lows.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gasta, Jeffrey
Sent: Friday, August 02, 2002 4:32 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Intraday Prices or Closing Prices?

Hello All,

Have been re-reading the chart pattern lessons on Investors.com.  It looks
to me like all measurements are made based upon the absolute high or low
price for a given day or week.  It seems the closing price doesn't come to
play.  Is this a good generalization?  If so, are there instances when the
closing price is significant for some measurements?

Many thanks, jg

Jeffrey Gasta
Telecommunications Engineering
Marriott International
Voice:  301.380.6204
Fax:  301.380.8649
jeff.gasta@marriott.com

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