"W" pattern and "WM" pattern

Discussion in 'Technical Analysis' started by Li Ka Shing, May 11, 2006.

  1. cnms2

    cnms2

    Garfield?

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1070372>
     
    #11     May 12, 2006
  2. phatryde

    phatryde

    I see:
    An Upward Price trend with ascending bottoms

    Li Ka Shing what software is that? I'd like to track my stocks in that manner, would you please send me a pm regarding that software and how you made the green trend line. I print my paper and use a ruler lol, I need to get software thats more practical
     
    #12     May 12, 2006
  3. Hi I just saw your PM and has replied you.

    This is not from any software. This chart is taken from a free website Bigcharts.com. The drawing is done by hand from a free software, Microsoft Paint.

    There are charting softwares which can auto-draw the linear regression analysis, trend lines, and channel lines for you. They can be free as well, from your broker website.

    But I think I still prefer hand-drawn lines, like I did above, because I think there are some observations which need human judgement, and they should not be very rigid.
     
    #13     May 12, 2006
  4. I see broke people.
     
    #14     May 13, 2006