Wednesday, October 13, 2010

10/13 10:25

I use 30-minute, hourly and daily closings to 3 purposes:
1) Setting stops which allow the market to fluctuate and settle down
2) Trendlines are many times clearer drawn through closings
3) Wave counts are often clearer when the clutter is removed

Here is a trendline through DJ futures hourly closes

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