is charting self fulfilling, page-13

atomou said:

"I mean how does one know how long that price would be "bound"? It might change the very moment you buy the stock... "

hehe, of course that can be so true.

Whether a share price is up or down, your time frame can make some difference to your "view" of the market. If your trading cycle is, say 2 weeks, or 3 weeks, a change in price the next day may just be "noises" and not to be too concerned with.

No one can tell how the price will move the next day; if we do, we will all be rich, hehe

Have you read "Trading for a Living" by Alexander Elder ? A good book, it is written in an easy to read and understand format. His triple screen approach is interesting.