Needing TA help now ! ....and later.

[deucy28]

Quote from satchel:

using a 1 hr chart, draw trendline (regression lines): July 26 Low to August 5 Low.

This puts a buy in the low 42zone (42.twenties) and tops out the regression line just over 43.

Treat the 42.20 line as a giant s&r pivot. The trend is up, looking to get in there depending on PA around that pivot. Otherwise, fails the regression line and you know what to do.

I don't do daily calcs but that is what you are after. On the daily, draw the line regression off of the June 24th low.

We'll, I didn't understand all the lingo and abbreviations, but I did draw according to prescribed chart build and trend instructions, and it sobered me up. MMC no longer looked to be at the top of a channel, but rather resting on support ! Quite the opposite from my earlier perspective and chart I submitted. Yes.......if it breaks support, I know what to do.

Thanks again.