line


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Line

1. In technical analysis, a situation in which the supply and demand for a security are largely the same. A line means that the security is unlikely to see any rapid fluctuation in price. It is called a line because, when plotted on a graph, it looks like a roughly horizontal line. Technical analysts look for signals that a line is ready to break one way or another before recommending that investors take a position on a security.

2. Informal; workers in a large, industrial company. They are called the line because, historically, they assembled the parts of a product while literally standing next to each other in a long line, also called an assembly line.

line

In technical analysis, a horizontal pattern on a price chart indicating a period during which supply and demand for a security are relatively equal. Technical analysts generally look for the price to break away from the line, at which time they are likely to take a position in the direction of the movement. See also making a line.
References in classic literature ?
Yet from line 260, it seems we are to consider the Wanderers as having been passed by Ulysses; this appears even more plainly from xxiii.
101} I suppose this line to have been intercalated by the author when lines 426-446 were added.
106} Surely there must be a line missing here to tell us that the keel and mast were carried down into Charybdis.
I'll tell you what we can do," I said, after several fruitless weeks had passed; "we can wait some slack water till Big Alec has run his line and gone ashore with the fish, and then we can go out and capture the line.
We watched our chance, and the next low-water slack, after Big Alec had removed the fish from the line and returned ashore, we went out in the salmon boat.
Together we hove up the rope till the anchor I came in sight with the sturgeon line caught across one of the flukes.
The colors move slowly back, the lines face about and sullenly follow, bearing their wounded; the skirmishers return, gathering up the dead.
SOCRATES: Such a space, then, will be made out of a line greater than this one, and less than that one?
And now tell me, is not this a line of two feet and that of four?
I have just come through the German lines and yours and passed through your camp," he replied.
I will send an officer to pass you through the lines.
At Grunth also some apprehension and alarm could be felt, but the nearer Prince Andrew came to the French lines the more confident was the appearance of our troops.