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Dick,
An excellent post IMO. The problem has also occurred to me in using P &
F in my trading; that is, which is more important a 45 degree bearish
resistance line e.g. or a horizontal breakout-like triple buy signal. The
problem is that each signifies support and resistance levels which spells
out danger if your on the wrong side of the line. Backtesting with
different time frames as you suggest may uncover some additional clues.
Thanks
Russ
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