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Revolutionizing Investor Psychology
 
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Tee Line

 
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curt1229



Joined: 12 Apr 2005
Posts: 3

PostPosted: Fri May 18, 2007 8:09 am    Post subject: Tee Line Reply with quote

Hi,
I keep seeing references to "tee line" or "T Line", but am not familiar with the term. Can someone please explain?
I have Steve's first book, and don't remember reading anything about it. Thanks!
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KarlaF



Joined: 27 Oct 2004
Posts: 25

PostPosted: Fri May 25, 2007 2:06 am    Post subject: Reply with quote

hi,
i have done some tests...and it seems that the Tee-Line must be a EMA(7) with the (o+c)/2 as input.
if someone has a better definition..please...
karla
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Harry



Joined: 11 Jun 2005
Posts: 128
Location: midwest

PostPosted: Mon May 28, 2007 6:03 pm    Post subject: Reply with quote

The T line is an 8ema. The 9 sma is real close. It was not in any of Steve's books. Ricky wayne, a student of Steve's several years back is the daddy of the T line. He is a day trader and swears by it. The way I understand it he buys when stocks are above it and sells when stocks close below it. I have been following it for several months. I have it on all my charts along with the other sma's 20, 50, 100 and 200. I am a swing myself but it does look like a very useful tool. Smile
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