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 ?
Put these men and girls in line, march them ten abreast, and six hours would pass before the last company would arrive at the reviewing stand.
81} This line is enclosed in brackets in the received text, and is omitted (with note) by Messrs.
He saw the yellow road, the lines of expectant people, and the sober houses.
They get the line round their legs, and have to sit down on the path and undo each other, and then they twist it round their necks, and are nearly strangled.
one soldier was saying to another, pointing to a Russian musketeer who had gone up to the picket line with an officer and was rapidly and excitedly talking to a French grenadier.
After dark that night he circled the flanks of both armies and passed through the British out-guards and into the British lines.
The tide circled like a mill-race in and out of this bight, and made it possible to raise, lower, or set a Chinese line only at slack water.
At that instant a single rifle-shot was heard, away to the front, beyond the skirmish-line, followed, almost attended, by the savage hiss of an approaching bullet which passing through the line, struck audibly, punctuating as with a full stop the captain's exclamation, "What the devil does it mean?
The line of battle in the edge of the wood stands at a new kind of "attention," each man in the attitude in which he was caught by the consciousness of what is going on.
You see by this last line that Layamon has forgotten the difference between Briton and English.
SOCRATES: Do you observe, Meno, that I am not teaching the boy anything, but only asking him questions; and now he fancies that he knows how long a line is necessary in order to produce a figure of eight square feet; does he not?
In our diagram the line of succession is broken at regular intervals by small numbered letters marking the successive forms which have become sufficiently distinct to be recorded as varieties.