XJO 0.43% 8,230.6 s&p/asx 200

Spider I'll answer your question here so anyboys else may...

  1. 1,850 Posts.
    Spider I'll answer your question here so anyboys else may benifit...as i said I find some things diffucult to communicate.
    The reference point marks are not a trading system.
    it is simply a method used to rewiew a range of data, and in doing so getting a general feel for how the market is performing , and and a guide to how the bigger invertors see the process. where trading comes into it is that it is always advisable to go with the strenght. you get the best results that way. the most improtant thing is see see where we have been and compare that to where we are now ..you can define that but looking back ..from 3 to 1 ..that gives you a review of aprox 9-12 days of data enough for most of the fundamentals to be prosessed in the prices.If you draw a trend line you are joining a serries of highs or lows , but your not really taking into account whats in between , and buy doing this you have a fairly simple way of telling whos doing what .
 
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